In India, the country's largest integrated power utility National Thermal Power Corporation Ltd (NTPC) has announced that it has signed a non-binding Memorandum of Understanding (MoU) with Numaligarh Refinery Ltd (NRL), a subsidiary of Oil India Ltd, for partnership opportunities in the proposed bamboo-based biorefinery at NTPC Bongaigaon and other green projects.
NTPC has declared that it is committed to achieving 60 GW of renewable energy capacity by 2032 and being a major player in the Green Hydrogen and Energy Storage domain.
The company is taking up several initiatives toward decarbonization such as green hydrogen, biofuels, carbon capture, and hydrogen mobility.
According to a statement, NTPC and NRL through this MoU, intend to enhance their footprint in green chemicals and foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero targets and be partners in the development of the North-East Region.
