NTPC subsidiary NVVN signs pact with Greenko Energies for RTC renewable energy supply

NTPC Vidyut Vyapar Nigam (NVVN), a fully-owned subsidiary of Indian state-owned energy conglomerate NTPC, has entered into a memorandum of understanding (MOU) with Indian renewable energy company Greenko Energies.

The MOU is for exploring the feasibility of entering into an arrangement for trading, collaboration, and partnership in integrated renewable energy storage projects set up by Greenko Energies to supply round the clock (RTC) renewable energy power to potential customers across India.

The renewable energy-based round the clock, flexible, and dispatchable power supply offering will be executed by integrating renewable sources and pumped storage projects, said Greenko Energies.

Greenko Energies stated: The value proposition of the potential offering will be to meet the evolving bespoke requirements of Discoms and other power consumers in India in real-time. Affordable energy storage is critical to the sustained growth of renewables, grid balancing and address limited generation flexibility in the Indian energy market.”

According to NTPC, the pact with Greenko Energies will help NVVN to strongly establish itself in multiple segments of round the clock bundled renewable power.