Overview

• The pact was signed on July 26 by NGEL CEO Sarit Maheswari and BSPGCL Technical Director Abdesh Kumar Singh in a ceremony attended by Energy Minister Bijendra Prasad Yadav.
• The MoU calls for joint development of renewable energy projects alongside battery energy storage systems to decarbonize Bihar’s power sector.
• NGEL plans to leverage battery storage to smooth out solar and wind variability and enhance the reliability of electricity supply.
• NTPC Green Energy shares rose 3.46% to Rs 109.44 on July 28, snapping a six-day losing streak and reflecting investor optimism.
• The collaboration advances NGEL’s target of 60 GW of renewable capacity by fiscal 2032 and aligns with India’s broader non-fossil fuel energy goals.