2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ONGC
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BPCL
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HPCL
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GAIL
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Detailed explanation-1: -Oil and Natural Gas Corporation Limited (ONGC) and NTPC ltd are planning to set up a Joint Venture Company for Renewable Energy business. The two Maharatnas entered into a Memorandum of Understanding (MoU) on 21 May 2020 in Delhi to formalize this arrangement.
Detailed explanation-2: -India’s largest power generation company, NTPC Ltd., has signed a non-binding Memorandum of Understanding (MOU) with Tecnimont Private Limited, an Indian Subsidiary of Maire Tecnimont Group, Italy.
Detailed explanation-3: -NTPC is taking various steps to make its energy portfolio greener by adding significant capacities of Renewable Energy(RE) Sources. By 2032, the company plans to have 60GW capacity through RE sources constituting nearly 45% of its overall power generation capacity.