NTPC Green Energy Limited, a subsidiary of NTPC Limited, has entered into a strategic partnership with Bihar State Power Generation Company Limited for developing clean energy infrastructure. This collaboration marks a significant step towards decarbonisation and energy transition in Bihar state.
NTPC Green Energy Limited signed a Memorandum of Understanding with Bihar State Power Generation Company Limited on July 26, 2025, for the development of Battery Energy Storage Projects and Renewable Energy Projects. The agreement aims to facilitate decarbonisation and energy transition in Bihar state through advanced energy storage solutions and clean power generation facilities.
The MoU was executed between Sarit Maheswari, CEO of NGEL and NREL, and Abdesh Kumar Singh, Director Technical of BSPGCL, demonstrating a high level of commitment from both organisations.
The signing ceremony took place in the presence of senior government officials from Bihar state. Hon'ble Minister of Energy, Planning and Development Bijendra Prasad Yadav and Hon'ble Minister of Industries Nitish Mishra attended the event. ACS Department of Industries, Secretary Department of Energy, and other senior officials from the Government of Bihar were also present, underlining the strategic importance of this partnership.
This MoU represents NTPC Green Energy's continued expansion in the renewable energy sector across different states. As a subsidiary of NTPC Limited, NGEL focuses on developing clean energy projects, including solar, wind, and energy storage solutions. The company operates from its corporate office at NETRA Complex, Greater Noida, and maintains its registered office at NTPC Bhawan, New Delhi.
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The partnership with BSPGCL aligns with Bihar state's commitment to energy transition and sustainable development. Battery Energy Storage Projects will enhance grid stability and support increased renewable energy integration. These projects are expected to contribute significantly to Bihar's clean energy targets and reduce dependence on conventional power sources.
The collaboration between NTPC Green Energy and BSPGCL creates a framework for large-scale renewable energy development in Bihar. Battery energy storage systems will enable better grid management and support the integration of intermittent renewable sources like solar and wind power. This partnership is expected to accelerate Bihar's transition towards sustainable energy infrastructure.
On July 28, 2025, NTPC Green Energy share price opened at ₹106.00 on NSE, above the previous close of ₹105.78. During the day, it surged to ₹109.31 and dipped to ₹105.45. The stock is trading at ₹109.20 as of 10:59 AM. The stock registered a significant gain of 3.23%.
Over the past week, it has moved up by 0.71%, over the past month, it has moved up by 4.31%, and over the past 3 months, it has moved up by 5.81%.
NTPC Green Energy Limited's MoU with Bihar State Power Generation Company Limited on July 26, 2025, represents a significant development in India's renewable energy landscape. The partnership for Battery Energy Storage and Renewable Energy Projects demonstrates a commitment to decarbonisation and energy transition at the state level.
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Published on: Jul 28, 2025, 11:34 AM IST
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