New Delhi: NTPC Green Energy (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) recently signed a Memorandum of Understanding (MoU) to collaborate in the development of renewable energy parks and projects in the state.
Under the MoU, the firms will set up floating and ground-mounted solar projects in the Rihand reservoir, other water bodies, and any available vacant land, setting up solar project dedicated for solarisation of Ayodhya city and setting up of renewable energy Parks and projects wherever land is made available, added the release.
“NGEL and UPRVUNL shall jointly work for formation of joint venture company to meet the renewable generation obligation, flexibility in generation, and scheduling of thermal and hydro power stations through bundling with renewable energy and energy storage,” it said.
At present, UPRVUNL has four thermal power stations in the state with an installed capacity of 5,820 MW and one thermal power station with installed capacity of 1,320 MW under JV with NTPC. It is in the process of adding further 3300 MW capacity and another 1980 MW in JV with CPSEs.
