Tuesday, September 27, 2022

NTPC forays into electric bus business

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New Delhi: NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has signed an agreement with Department of Transport of Andaman & Nicobar Islands for the deployment of electric buses in the Union Territory (UT). Under this project, the company is offering a complete transport solution, including 20 air-conditioned electric buses of nine metres each in phase 1. Apart from deployment of electric buses, NTPC Limited and Andaman administration are collaborating for setting up public charging infrastructure in the Island.

The agreement has been signed by NVVN Limited's Assistant General Manager (Business Development) Binay Mallik and Andaman & Nicobar Islands' Director (Transport) Navlendra Kumar Singh on March 4, in the presence of NVVN Limited's Chief Executive Officer (CEO) Mohit Bhargava and other senior officials of NTPC Limited and NVVN. Introduction of electric buses on the island will go a long way in protecting the diverse ecology by completely eliminating tailpipe emission; low levels of sound from e-buses shall also significantly reduce noise pollution. Further, comfortable seating, smooth driving, GPS enabled buses are anticipated to bring in features like security and comfort for commuters. This initiative will lead to an increase in overall usage of public transport in the island.

NTPC Vidyut Vyapar Nigam Limited (NVVN)

NTPC Vidyut Vyapar Nigam Limited (NVVN) was formed by NTPC Limited, as its wholly-owned subsidiary to tap the potential of power trading in the country thereby promote optimum capacity utilization of generation and transmission assets in the country and act as a catalyst in the development of a vibrant electricity market in India. NVVN was incorporated on November 1, 2002, and received the certificate for commencement of business activities from the registrar of companies on November 26, 2002. It has an authorized and fully paid-up share capital of Rs 200 million.

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