NTPC and Saudi Electricity Company Ink MoU to Establish Power Plant Services

Saudi Electricity Company (SEC) and India’s NTPC signed a memorandum of understanding (MoU) on September 18, 2025, at the Ministry of Energy headquarters in Riyadh. The agreement outlines cooperation between the two entities in the power sector.

Scope of the MoU

The MoU includes collaboration in the operation and maintenance of power plants. It also covers modernisation and upgrade activities, procurement, engineering services, and project management. Another area of focus is research and development linked to modern energy technologies.

Joint Venture Proposal

The agreement includes plans to establish a joint venture in the Middle East. This venture will provide services related to power plant operations. It will also create opportunities for the exchange of technical knowledge between experts from both companies. Investment in new projects is also part of the scope.

SEC’s Approach

SEC has been working to strengthen its partnerships in recent years. The agreement with NTPC is intended to draw on external expertise to support the Kingdom’s electricity sector and bring in practical experience from other regions.

NTPC’s Operations

NTPC is among India’s largest state-owned power companies. It operates a generation capacity of close to 77,000 megawatts. Its energy mix includes coal, gas, hydro, solar, and wind projects. Alongside its operations in India, NTPC has also been associated with power projects in other countries.

Read more: Colab Platforms Signs MoU With RRP Drones For Drone Technology!

NTPC Share Price Performance

As of September 19, 2025, 11:28 AM, NTPC share price was trading at ₹339.10, a 0.645 increase from the previous closing price.

Conclusion

The MoUs signed between SEC and NTPC set out specific areas of collaboration such as plant operations, upgrades, and research. The plan to form a joint venture in the Middle East further adds to the scope, creating avenues for technical cooperation and new project development.

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