Indian Oil and NTPC collaborate on renewable energy

Indian Oil and NTPC collaborate on renewable energy

• State-owned Indian Oil Corporation Limited (IOCL) and NTPC Ltd have inked an MoU for the generation and storage of renewable energy or other cleaner forms of energy, including gas-based power.
• The energy generated will primarily be used to cater for IndianOil Refineries or other installations.
• The collaboration is a first-of-its-kind initiative by two leading public sector energy majors of India.
• The partnership will help to support country’s commitment to achieve renewable energy targets and reduce greenhouse gas emissions.

Source: Business Standard