NTPC Green Energy forms JV with UPRVUNL
Author: PPD Team Date: January 7, 2025
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to create a joint venture (JV) for renewable energy parks and projects.
NGEL holds a 51% stake, subscribing to 51,000 equity shares at Rs 10 each, while UPRVUNL retains 49%.
The JV will focus on the development, operation, and maintenance of renewable energy projects, contributing to India’s green energy transition.