NTPC’s JV signs MoU with HPCL to set up charging infrastructure
31st Dec 2019

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has signed two-year memorandum of understanding (MoU) with Hindustan Petroleum Corporation (HPCL) for setting up charging infrastructure to boost electric mobility.

The MoU covers collaboration for planning, development and installation of charging facilities at suitable locations for two, three, and four-wheeler vehicles. With the installation of public charging stations, the range anxiety of EV owners is expected to reduce, which will increase the adoption of electric mobility. This will also bring down automobiles emissions, enabling cleaner and greener environment, in turn, safeguarding public from health risks.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.