Friday, May 13, 2022

NGSL to explore business opportunities in renewable sector in Africa

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New Delhi: NTPC GE Power Services Limited (NGSL), a 50:50 JV between NTPC Limited and GE Power India Limited has signed a memorandum of engagement (MoE) with The Lake Region Economic Bloc (LREB), Kenya & Procorp Enertech Private Limited (PEPL) to work towards the development of Ground Mounted and Floating Solar PV projects in The Lake region of Kenya. The MoE also envisages extending support for the adoption of affordable housing, efficient lighting, development of mini-grid solutions and capacity building of Kenyan power sector professionals.

The MoE has been signed during the visit of a 20-member high-level delegation from The Lake Region Economic Bloc (LREB), Kenya. During the visit, a tripartite MoE was signed between NGSL, LREB and Procorp Enertech Private Limited (PEPL).

The MoE has been signed by NGSL's Managing Director Sanjeev Duggal, LREB's CEO Victor Joash Oginga Nyagaya and Raju S Gannavarapu of PEPL in the presence of governors and other senior delegates from LREB, Kenya.

NTPC's Director (Projects) and NGSL Chairman Ujjwal Kanti Bhattacharya, GE Power India Limited's (GEPIL) Managing Director Prashant Jain, NTPC's Head (International Business) NM Gupta were also present during the MoE signing ceremony.

The high-level delegation from Kenya also visited the 100 MW floating solar plant at NTPC Ramagundam, India’s largest floating solar plant and the 250 MW NTPC Ananthapuram ground mounted Solar PV plant in Andhra Pradesh. LREB had earlier signed a Memorandum of Understanding (MoU) with NGSL and PEPL to explore business opportunities in Kenya and other African countries.

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