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NTPC & OIL Inked MOU to Collaborate in Renewable Energy

Published on September 04, 2023
Current Context: The MOU was signed on August 31, 2023, in New Delhi, in the presence of CMDs and directors of both companies.NTPC and OIL are two Maharatna companies of India, with NTPC being the largest integrated power utility corporation and OIL being the second-largest national oil and gas company.
NTPC & OIL Inked MOU to Collaborate in Renewable Energy
  • The MOU aims to explore collaboration in the areas of renewable energy, green hydrogen and its derivatives, geothermal energy, carbon sequestration, and other decarbonization initiatives.
  • The MOU is expected to enhance the footprint of both companies in the domain of renewable energy and foray into sustainable solutions towards achieving the nation’s target of achieving Net Zero by the year 2070.
  • NTPC is committed to achieve 60 GW of Renewable Energy capacity by the year 2032. OIL is engaged in the business of exploration, development and production of crude oil and natural gas.

Question:

Q.1 What are the names of the two Maharatna companies that signed the MOU?
a. NTPC and ONGC
b. OIL and GAIL
c. NTPC and OIL
d. ONGC and GAIL
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