NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a Memorandum of Understanding (MoU) with the Goa Energy Development Agency (GEDA) to develop renewable energy projects totaling 300 MW or more, with or without energy storage, in the state of Goa.

The MoU was exchanged on July 18, 2025, between Shri Gauresh Ashok Pilgaonkar, Managing Director of GEDA, and Shri Pushpendra Tyagi, CFO of NTPC REL, in the presence of the Hon’ble Chief Minister of Goa and other senior officials.