Indian Oil and NTPC ink deal to collaborate on green energy

NTPC Ltd and Indian Oil signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for the supply of low carbon/RE RTC captive power. 

This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieving renewable energy targets and reduce greenhouse gas emissions. This comes in the backdrop of Indian Oil announcing its plan to build the country’s first green hydrogen plant at its Mathura refinery.