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India’s NTPC, Moroccan Agency sign MoU for joint RE development in Africa

They will provide support services for capacity building

NTPC and the Moroccan Agency for Sustainable Energy (MASEN) signed a memorandum of understanding (MoU) for the joint development of renewable energy utility-scale projects in Africa.

In a statement, NTPC said the cooperation aims to support services for capacity building, share experience, know-how, and expertise in areas of mutual interest, especially in research and development.

The two may also explore common development opportunities for renewable energy projects in other African countries, it said.

READ MORE: NTPC, IndianOil partner to form JV for renewable energy

The MoU was signed by Rachid Bayed, executive director (Operations) and acting director of Development at MASEN, and Shri Narinder Mohan Gupta, chief general manager and head of International Business at NTPC Limited.

It was signed during the 17th CII EXIM Conclave on India Africa Growth Partnership held in New Delhi on 19 and 20 July 2022.

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