NTPC Green has signed memorandum of understanding (MoU) with Bharat Light and Power to support the acceleration of green energy objectives and the Government of India's efforts toward a carbon-neutral economy.

The MoU is aimed at jointly exploring the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties. It will also encompass opportunities for selling captured carbon or biogenic carbon from NTPC Green Energy (NGEL).

NGEL, or through its affiliates, will establish the necessary infrastructure for the operation of the green hydrogen project, including renewable energy (RE) projects, and ensure regular operation under the Build-Own-Operate (B-O-O) model as part of its Net Zero commitments.

NTPC Green Energy (NGEL), promoted by Maharatna central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity.