NTPC Green Energy Inks MoU with Bihar State Power for Battery Storage and Renewable Projects

1 min read     Updated on 26 Jul 2025, 05:44 PM
scanxBy ScanX News Team
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Overview

NTPC Green Energy Limited (NGEL) signed an MoU with Bihar State Power Generation Company Limited (BSPGCL) to develop Battery Energy Storage Projects and Renewable Energy Projects in Bihar. The agreement, signed on July 26, 2025, aims to support the state's green energy initiatives and decarbonization efforts. The signing ceremony was attended by high-ranking government officials, including Bihar's Minister of Energy and Minister of Industries, underscoring the importance of this collaboration in the state's energy strategy.

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*this image is generated using AI for illustrative purposes only.

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has taken a significant step towards advancing renewable energy and energy storage solutions in Bihar. The company signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) on July 26, 2025, aimed at developing Battery Energy Storage Projects and Renewable Energy Projects in the state.

Collaboration for Decarbonization

The MoU, signed by Sarit Maheswari, CEO of NGEL & NREL, and Abdesh Kumar Singh, Director Technical of BSPGCL, marks a pivotal moment in Bihar's journey towards decarbonization and energy transition. The agreement underscores the commitment of both entities to support the state's green energy initiatives.

High-Level Government Support

The signing ceremony was graced by the presence of several high-ranking government officials, including:

  • Bijendra Prasad Yadav, Bihar's Minister of Energy, Planning & Development
  • Nitish Mishra, Minister of Industries
  • Additional Chief Secretary, Department of Industries
  • Secretary, Department of Energy

The attendance of these senior officials highlights the importance of this collaboration in the state's energy strategy.

Implications for Bihar's Energy Landscape

This partnership between NGEL and BSPGCL is expected to play a crucial role in shaping Bihar's energy future. By focusing on battery energy storage and renewable energy projects, the initiative aims to:

  1. Enhance the state's capacity for clean energy generation
  2. Improve energy storage capabilities to manage intermittent renewable sources
  3. Support Bihar's goals for reducing carbon emissions
  4. Contribute to the overall energy security and sustainability of the state

As India continues its push towards cleaner energy sources, collaborations like this between state-owned enterprises and specialized green energy companies are becoming increasingly important. The projects resulting from this MoU are likely to contribute significantly to Bihar's energy transition and could serve as a model for similar initiatives in other states.

While specific details about the scale, investment, and timeline of the projects are yet to be disclosed, this MoU represents a promising step towards a greener and more sustainable energy ecosystem in Bihar.

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NTPC Green Energy Inks MoU with Bihar State Power for Battery Storage and Renewable Projects

1 min read     Updated on 26 Jul 2025, 05:37 PM
scanxBy ScanX News Team
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Overview

NTPC Green Energy Limited (NGEL) signed an MoU with Bihar State Power Generation Company Limited (BSPGCL) to develop Battery Energy Storage Projects and Renewable Energy Projects in Bihar. The agreement aims to enhance renewable energy capacity, improve grid stability, reduce carbon emissions, and support the transition to cleaner energy sources. High-ranking government officials, including Bihar's Minister of Energy and Minister of Industries, attended the signing ceremony, highlighting the initiative's importance to the state's energy strategy and industrial development plans.

15077262

*this image is generated using AI for illustrative purposes only.

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has taken a significant step towards advancing renewable energy and energy storage solutions in Bihar. NGEL signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to develop Battery Energy Storage Projects and Renewable Energy Projects in the state.

Collaboration for Clean Energy

The agreement marks a pivotal moment in Bihar's journey towards decarbonization and energy transition. The MoU was signed by Sarit Maheswari, CEO of NGEL & NREL, and Abdesh Kumar Singh, Director Technical of BSPGCL, underlining the commitment of both organizations to this initiative.

High-Level Government Support

The signing ceremony was graced by the presence of several high-ranking government officials, including:

  • Bijendra Prasad Yadav, Bihar's Minister of Energy, Planning & Development
  • Nitish Mishra, Minister of Industries
  • Additional Chief Secretary, Department of Industries
  • Secretary, Department of Energy

Their attendance highlights the importance of this collaboration in the state's energy strategy and industrial development plans.

Implications for Bihar's Energy Landscape

This partnership between NGEL and BSPGCL is expected to play a crucial role in:

  1. Enhancing the state's renewable energy capacity
  2. Improving grid stability through battery energy storage systems
  3. Supporting Bihar's efforts in reducing carbon emissions
  4. Facilitating the transition to cleaner energy sources

The development of battery energy storage projects, in particular, could address one of the key challenges in renewable energy integration – the intermittency of power generation from sources like solar and wind.

Conclusion

As NTPC Green Energy Limited continues to expand its footprint in the renewable energy sector, this MoU with BSPGCL represents a significant opportunity for both entities to contribute to India's broader clean energy goals while addressing Bihar's specific energy needs.

The collaboration aligns with the national objective of increasing the share of renewable energy in India's power mix and showcases the growing emphasis on state-level partnerships to achieve these targets.

Historical Stock Returns for NTPC Green Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-1.08%-4.41%-1.36%-2.16%-13.05%-13.05%
NTPC Green Energy
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