September 23, 2025
Daily current affairs:September 23, 2025
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NTPC and SEC Sign MoU for Power Sector Transformation and Global Expansion
Short Description : NTPC, a central PSU, signed an MoU with the Saudi Electricity Company (SEC) to collaborate on power sector transformation, renewable energy, and global energy projects.
Long Description : NTPC Limited signed a strategic MoU with the Saudi Electricity Company (SEC) on September 23, 2025, to foster collaboration in power sector transformation, renewable energy integration, and global energy expansion. The partnership will focus on knowledge exchange, joint ventures in green hydrogen, solar, and wind projects, and enhancing grid stability. This aligns with India’s and Saudi Arabia’s net-zero commitments and strengthens bilateral energy cooperation under the India-Middle East-Europe Economic Corridor (IMEC). The MoU is expected to open avenues for Indian technology and expertise in the Gulf region, while supporting India’s energy security and decarbonization goals.