The documents were formally exchanged in the presence of top corporate leaders, including Dr. Manoj Kumar Jhawar, Managing Director and CEO of PTC India Limited, Dr. J. S. Chandok, CEO of ONGPL, along with Pankaj Goel, Executive Director and CFO of PTC, HL Choudhary, Executive Vice President of Commercial, and other senior management officials representing NTPC Renewable Energy Limited and NTPC Green Energy Limited. This strategic alliance significantly accelerates the shared decarbonization goals of both public sector giants, establishing a robust supply framework for green electricity to support the nation’s sustainable infrastructure development.

A veteran with over 35 years of sector expertise, Shri Bhargava’s monumental contribution lies in architecting India’s clean energy landscape. As the founding CEO of NTPC Green Energy Limited (NGEL) and Executive Director (RE) at NTPC, he spearheaded an unprecedented transition—astronomically scaling NTPC’s renewable energy pipeline from a modest 1 GW to over 25 GW within just 55 months.

Further cementing his leadership, the Ministry of New and Renewable Energy (MNRE) recently nominated him as a Green Hydrogen Expert to the National Green Hydrogen Mission’s Empowered Group. His deep operational experience with utility-scale frameworks makes him uniquely suited to drive global climate policy integration from the ground up.

Following the agreement and necessary statutory clearances from DIPAM and NITI Aayog,

The newly formed venture will focus on a wide array of renewable and emerging energy opportunities, including solar and wind (both onshore and offshore), energy storage solutions (pumped and battery storage), and green molecule technologies like green hydrogen, green ammonia, sustainable aviation fuel (SAF), and green methanol.

Additionally, the JVC plans to expand into e-mobility, carbon credits, and green credits, aligning closely with India’s green energy objectives.

Beyond new ventures, the JVC will explore asset acquisition in the renewable sector and plans to participate in upcoming offshore wind tenders in Tamil Nadu and Gujarat, reflecting a comprehensive approach to strengthening India’s clean energy capabilities. The partnership between NGEL and OGL represents a robust commitment to sustainable energy, positioning both companies as key players in India’s transition to a greener future.

The MoU was exchanged between Shri K S Sundaram, Director (Projects), NGEL and Shri Alok, (IAS) ACS (Energy) in the presence of Hon’ble Chief Minister of Rajasthan. Senior officials from Government of Rajasthan and NGEL were also present on the occasion.

The MoU with GSPC was exchanged between Shri Gurdeep Singh, CMD, NTPC and Shri Milind Torawane, MD, GSPC in the presence of Hon’ble Chief Minister of Gujarat, Hon’ble Mnister of Finance, Energy & Petrochemicals, GoG, Dr V K Saraswat, Member, NITI Aayog and other senior officials and International delegates. The MoU aims for the blending of Green Hydrogen in the gas networks of GSPC and Green Hydrogen mobility by setting up of Green Hydrogen fuelling stations in Gujarat.

Other MoU with GPPL exchanged between GM-Hydrogen, NTPC and MD of APM Terminals, Pipavav that aims to develop Green Hydrogen ecosystem including production of Green Ammonia at the land provided by GPPL for export and domestic market. It also aims to explore Pipavav Port as an anchor port by NGEL for exploration, development and operations of offshore wind farms in Gujarat.

NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPC’s Renewable Energy journey with an operational capacity of over 3.4 GW and 26 GW in pipeline including 7 GW under implementation.

GSPC is one of the largest gas trading companies of India, engaged also in exploration, development and production of oil and natural gas.

GPPL is one of the leading private ports of India promoted by A.P. Møller – Mærsk A/S which currently has the handling capacity of 1.35 million TEUs of containers, 4 – 5 million tonnes of dry bulk cargo, 2 million tonnes of liquid cargo and about 250,000 cars per year.