For what purpose have NTPC and ONGC partnered to form a Joint Venture Company (JVC)?
A) For the development of conventional energy sources
B) For renewable and new energy initiatives
C) For mining and coal production
D) For the development of atomic energy
Answer : B
Description :
Maharatna PSUs NTPC and ONGC have partnered to form a 50:50 joint venture company (JVC) to promote renewable and new energy initiatives through their subsidiaries, NTPC Green Energy Limited and ONGC Green Energy Limited. This joint venture will work on various renewable energy options such as solar, wind, energy storage, green hydrogen, green ammonia, sustainable aviation fuel and e-mobility.
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