SCCL signs MoU with NTPC subsidiary for renewable energy push

Singareni Collieries has signed an MoU with NTPC Green Energy Limited (NGEL) to expand renewable energy projects. SCCL announced plans to set up a 500 MW Pumped Storage Power Plant at Medipalli in Ramagundam and scale solar power generation to 5,000 MW.

Peddapalli: As part of its plans to take up renewable energy projects on a large scale, Singareni Collieries Company Limited (SCCL) entered into an agreement with NTPC Green Energy Limited (NGEL), a subsidiary of NTPC.

The MoU signing ceremony was held in Hyderabad on Wednesday, in the presence of SCCL Chairman and Managing Director N Balram, directors of the company, and senior officials from NGEL including Head (Civil Engineering) R R Maurya and Head of Business Development Bimal Gopalchari.

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Explaining the details of the agreement, Balram stated that Singareni, as part of its business expansion strategy, has decided to establish several renewable energy plants. SCCL intends to utilize the long-standing national-level expertise of NTPC in power generation, and therefore entered into an MoU with NGEL, the entity set up by NTPC to focus exclusively on green energy generation, he said, also announcing that SCCL had decided to establish a 500 MW Pumped Storage Power Plant at the Medipalli Opencast mine in Ramagundam, to increase solar power generation to 5,000 MW.

Besides exploring the establishment of a Geothermal Power Plant at Manuguru, Singareni was also moving ahead with plans for a Green Hydrogen plant. In this context, the collaboration with NTPC and its subsidiary NGEL, which has vast experience in power generation, was a positive and significant development, he said, adding that the partnership may include technical collaboration and even joint venture participation to establish green energy projects.