NTPC, GPCL tie up for 500 MW power projects in Gujarat

State-owned NTPC today said it has signed an agreement with Gujarat Power Corporation for executing 500 MW renewable power projects in the state.

"NTPC Ltd and Gujarat Power Corporation Ltd (GPCL) has signed a Memorandum of Understanding (MoU) for development of 500 MW renewable energy based projects, preferably wind and solar energy in the state," a company statement said.

The MoU was inked by General Manager NTPC R K Sikri and General Manager GPCL Y C Potdar in the presence of Union Minister of State for Power (MOSP) Bharatsinh Solanki and Minister of State (Energy & Petrochemicals), Gujarat, Saurabhai Patel.