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NGEL & ITL signed MoU to develop Renewable Energy Projects

Published on April 23, 2024
Current Context: NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) have indeed signed a Memorandum of Understanding (MoU) to develop Renewable Energy Projects on 18th April 2024 in Mumbai.
NGEL & ITL signed MoU to develop Renewable Energy Projects
  • Here are some key details:
    • The MoU was signed by Soumya Kanti Chowdhuri, Chief General Manager of NGEL, and Vikas Poddar, Chief Financial Officer (CFO) of ITL.
    • The MoU aims to address the need for pacing green energy objectives and is aligned with the Government of India’s efforts towards a carbon-neutral economy.
    • The collaboration will explore joint development of grid-connected renewable energy-based power projects, including solar, wind, and energy storage.
    • Indus Towers plans to expand its renewable energy portfolio in a phased manner to GigaWatt scale capacity for its business operations spread across the country, as part of its net zero commitments.
    • This partnership is a significant step towards promoting renewable energy and achieving a carbon-neutral economy.

Question:

Q.1 What is the main aim of the MoU signed between NGEL (NTPC Green Energy Limited) and ITL (Indus Towers Limited)?
a. To develop non-renewable energy projects
b. To address the need for pacing green energy objectives
c. To reduce the operations of ITL
d. None of the above
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