NTPC and its green energy subsidiary NTPC Green Energy (NGEL) during the Global Investors Summit being held at Bhopal signed multiple Memorandum of Understandings (MoUs) with the Madhya Pradesh Government.

As part of the various MoUs, NTPC and its subsidiary will together invest a sum of Rs 2 lakh crore in the state.

Furthermore, NTPC Green Energy as part of the deal with Madhya Pradesh Power Generating Company Limited (MPPGCL) will set up an up to 20GW renewable energy project in the state at an outlay of Rs 1.2 lakh crore.

This MoU envisages to collaborate in the field of Renewable Energy through setting up of Projects comprising of Solar/Wind/Hybrid with or without storage up to 20 GW or more in Madhya Pradesh.

MPPGCL and NGEL shall jointly work for the formation of a Joint Venture Company (JVC) to meet the Renewable Generation Obligation (RGO) of Madhya Pradesh Generating Company and Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs, added the company's press release.