NTPC Green Energy Signs Mou with Uttar Pradesh for Renewable and Green Hydrogen Projects

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding with the Government of Uttar Pradesh to explore renewable energy and green hydrogen projects in the state.  

The MoU was signed on January 22, 2026, on the sidelines of the World Economic Forum Annual Meeting in Davos, Switzerland.  

Areas Covered Under the MoU 

The agreement focuses on 2 areas, renewable power generation and green hydrogen production. It also covers related infrastructure required for these projects.  

The company and the state government did not disclose project capacity, capital expenditure, or implementation timelines in the announcement. 

Signing Ceremony Details 

The MoU was signed by Vijay Kiran Anand, IAS, Chief Executive Officer of Invest UP and UPSIDA, on behalf of the Uttar Pradesh government, and DMR Panda, Executive Director of NGEL.  

Uttar Pradesh’s Minister of Finance and Parliamentary Affairs, Suresh Kumar Khanna, was present at the signing along with senior officials from the state government and NTPC group entities. 

Exchange Disclosure 

NGEL informed the NSE and BSE of the development. The company shared a press release outlining the scope of the MoU and confirming that the partnership is aimed at developing clean energy projects in Uttar Pradesh. 

NTPC Green Energy Share Price Performance  

As of January 23, 2026, 9:36 am, NTPC Green Energy share price was trading at ₹90.91, a 0.29% decrease from the previous closing price. 

Read More: NTPC Green Energy Commissions 300 MW Bhadla Solar Project, Raises Group Capacity to 8310.28 MW! 

Conclusion 

The MoU provides a framework for cooperation between NGEL and the Uttar Pradesh government on renewable energy and green hydrogen projects. Specific project details, including scale, investment commitments and execution timelines, are expected to be outlined in subsequent announcements. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.