Telecom infrastructure company Indus Towers Limited (ITL) has signed a memorandum of understanding (MoU) with NTPC Green Energy Ltd (NGEL) for the joint development of renewable energy projects to power its business operations spread across the country.
Under the MoU, Indus Towers and NGEL will explore joint development of grid-connected renewable energy based power projects including solar, wind, energy storage etc. and/or solutions thereof.
As part of its Net Zero commitments, Indus Towers Ltd aims to expand its renewable energy portfolio in a phased manner to gigawatt scale capacity, for its business operations spread across the country.
NTPC is India’s largest power utility with core business of power generation having a total installed capacity of 76 GW. As part of increasing its renewable energy portfolio, it has formed a fully owned subsidiary NTPC Green Energy Ltd to take up renewable energy parks and projects including businesses in the area of green hydrogen, energy storage technologies, and round-the-clock RE Power. NTPC Group targets 60 GW of RE capacity by the year 2032. Currently, it has 3.5 GW of installed RE capacity and 28+ GW under pipeline.
Indus Towers Limited is India’s leading provider of passive telecom infrastructure and it deploys, owns, and manages telecom towers and communication structures, for various mobile operators. The company’s portfolio of over 2,11,775 telecom towers, makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. Indus Towers caters to all wireless telecommunication service providers in India. The Company has been the industry pioneer in adopting green energy initiatives for its operations.
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