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NTPC and OIL come together to collaborate in Renewable Energy and Decarbonization

New Delhi: 1/9/23 The largest integrated power utility corporation of India and the second-largest national oil and gas company of the country have joined hands to work together in the area of renewable energy. Yes, NTPC Limited and Oil India Limited have signed a Memorandum of Understanding on 31st August 2023, to explore collaboration in the areas of renewable energy, green hydrogen and its derivatives, and decarbonization initiatives including through use of geothermal energy. The MoU shall also facilitate sharing of knowledge and experience on upcoming decarbonization technologies such as carbon sequestration.

Through the MoU, the two Maharatna giants intend to enhance their footprint in the domain of renewable energy and foray into sustainable solutions towards achieving the nation’s target of achieving Net Zero by the year 2070.

The MoU was signed in New Delhi, in the presence of CMD, NTPC Shri Gurdeep Singh; CMD, OIL, Dr. Ranjit Rath; and their functional directors.

NTPC is present across the power sector value chain, with a total installed capacity of 73,024 MW. Oil India Limited is a state-owned oil company engaged in the business of exploration, development, and production of crude oil and natural gas.

NTPC is committed to achieving 60 GW of Renewable Energy capacity by the year 2032. It aims to be a major player in the Green Hydrogen Technology and Energy Storage domain. The company is taking up several initiatives towards decarbonization such as Hydrogen blending, Carbon Capture, and Fuel cell, buses among others.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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