Published on February 1, 2021

NTPC Ltd. Has invited expression of interest from Indian and global companies to set up methanol manufacturing facilities at its power projects across India. The setting up of these facilities will be subject to approvals from the state and central governments.

The facilities will be developed in an aggregator mode on a build, own, and operate (BOO) basis.The last date to submit the bids is March 31, 2020. The bids will be opened on the same day.These facilities are proposed to be set up as part of creating a ‘methanol economy,’ an initiative of NITI Aayog of India. Besides reducing India’s oil import bill, the initiative will also help cut greenhouse gas emissions and convert Indian coal reserves and municipal solid waste into methanol.