Public sector enterprises NTPC Ltd. and Oil and Natural Gas Corporation Ltd (ONGC) have signed a memorandum of understanding (MoU) to set up a joint venture (JV) company for the renewable energy (RE) business.
As per the MoU, NTPC and ONGC will explore the setting up of off-shore wind and other renewable energy projects in India and overseas. They shall also explore opportunities in the fields of sustainability, storage, electric mobility, and environmental, social and governance (ESG) compliant projects.
