NTPC Green Energy and GAIL approve 50:50 joint venture to develop renewable energy projects

Economic Times
Economic Times
3d ago
NTPC Green Energy and GAIL have board approval to proceed with a 50:50 renewable energy joint venture, pending required government and statutory clearances.
NTPC Green Energy and GAIL approve 50:50 joint venture to develop renewable energy projects
A What happened
NTPC Green Energy said its board approved a joint venture agreement to incorporate a 50:50 joint venture company with GAIL (India) Ltd for renewable energy projects. The approval was made in a board meeting held on January 15, 2026. The joint venture is subject to approval from the Ministry of Power, DIPAM, and other statutory authorities as applicable. NTPC Green Energy is a subsidiary of NTPC and aims to help achieve NTPC’s target of 60 GW by FY32.

Topics

Climate & Environment Sustainability Energy

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