GACL and NTPC Renewable Energy signs a MoU to explore business opportunities in Renewable Power

Gujarat Alkalies and Chemicals Limited (GACL) and NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Limited have signed Memorandum of Understanding (MoU) on 6th July 2022 at New Delhi to explore the business opportunities of mutual interest in the areas of sourcing of renewable power having optimum mix of solar, wind and other clean energy including energy storage solutions to the extent of about 100 MW, as required for the operations and manufacturing of GACL at Vadodara Complex and/or Dahej Complex or any of its other Complexes and to jointly work on synthesizing Green Chemicals such as Methanol and Ammonia for captive use by GACL using Hydrogen and CO2 available at GACL. The MoU was signed by Shri Harshad R Patel, lAS, Managing Director, GACL and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.

This is a first-of-its-kind novel initiative between leading CPSE and State Government Promoted Company to support country’s commitment to achieve renewable energy targets and reduce greenhouse emissions.