NGEL and UPRVUNL sign MoU to collaborate for the development of renewable energy power parks/projects

NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) have signed a memorandum of understanding (MoU) to collaborate for the development of renewable energy power parks/projects. The MoU seeks collaboration between the two organisations through the setting up of floating and ground mounted solar projects in the Rihand reservoir, other water bodies, and any available vacant land, besides development of solar photovoltaic project dedicated for solarisation of Ayodhya city and setting up of renewable energy parks and projects wherever land is made available. The two organisations will jointly work for the formation of a joint venture company to meet the renewable generation obligation, flexibility in generation and scheduling of thermal/hydro power stations through bundling with renewable energy and energy storage.