The Business Bytes
TBB BUREAU
NEW DELHI, JULY 20, 2022
NTPC and Masen (Moroccan Agency for Sustainable Energy) today signed an MoU for cooperation in the renewable energy sector during the 17th CII EXIM conclave on India-Africa growth partnership held in New Delhi from 19th- 20th July 2022.
The MoU was signed by Rachid Bayed, Executive Director of Operations and Acting Director of Development, Masen, Morocco, and Narinder Mohan Gupta, Chief General Manager and Head of International Business from NTPC Limited, in the presence of HEM Mohamed Maliki, Ambassador of His Majesty the King of Morocco to the Republic of India, and Puneet Kundal, Joint Secretary, Ministry of External Affairs, Government of India.
The MoU between NTPC Ltd. and Masen which are pioneers in the field of renewable energy generation promises to usher in the joint development of utility-scale projects based on renewable energy in Africa. Through this cooperation, it is intended to support services for capacity building, share experience, know-how, and expertise in the areas of mutual interest, especially in the field of Research and Development. The cooperation may witness NTPC and Masen exploring common development opportunities for renewable energy power projects in other African countries.
