Green Energy

NTPC Green Energy Limited, Maharashtra Govt collaborate to develop green hydrogen projects

NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with Government of Maharashtra for development of Green Hydrogen and derivatives of up to 1 million Ton capacity per annum. This would include Pumped Storage Projects of 2 GW and development of renewable energy projects with or without storage up to 5 GW in the state of Maharashtra. The green hydrogen derivatives would be Green Ammonia and Green Methanol.

The agreement has been signed as a part of Government of Maharashtra’s Green Investment Plan for the next five years. The agreement envisages a potential investment of approximately ₹ 80, 000 crores.

The MoU was exchanged between Chief Executive Officer, NGEL, Mohit Bhargava and Deputy Secretary (Energy), Government of Maharashtra, Narayan Karad. The MoU was inked in the presence of Eknath Shinde, Chief Minister of Maharashtra, Devendra Fadnavis, Deputy Chief Minister of Maharashtra and other senior officials.

NTPC said that it is in the path of building renewable energy capacity of 60 GW by 2032. NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPC’s Renewable Energy journey with an operational capacity of over 3.4 GW and 26 GW in pipeline including 7 GW under implementation.

In a separate but important development NTPC received nod from the Department of Investment and Public Asset Management (DIPAM) to list its green energy arm NTPC Green Energy Ltd (NGEL) to raise up to Rs 10,000 crore.

Subhash Yadav

Recent Posts

John Cockerill secures India’s largest electrolyzer supply order from AM Green

AM Green has placed India's largest electrolyzer order with John Cockerill Hydrogen for one of…

1 day ago

Cultivating A Thriving Biofuel Ecosystem: What It Takes To Fuel India’s Green Future

By-Nipun OS  India's energy goals for the next two decades are threefold: achieve energy security,…

3 days ago

India’s biogas sector to offer opportunities for the next 5-10 years: Jan and Anting, Weber Entec

How do you find the Indian CBG market on this visit? What’s the general sentiment?…

4 days ago

BAUR FOLIEN now market leader worldwide; ideally fit for India: MIROSLAV BENKA, MD

MIROSLAV BENKA, MD of BAUR FOLIEN talks to I am Renew and explains its business…

4 days ago

To step-up biogas solutions worldwide, Sistema.bio acquires Inclusive Energy

Biogas developer & innovator, Sistema.bio has acquired Bengaluru headquartered Inclusive Energy (IE) which is at…

5 days ago

ARYA raises 100 crore to develop biogas projects

ARYA, the project development division of GPS Renewables, has secured INR 100 crore in mezzanine…

5 days ago