NGEL, Nayara Energy partner for green hydrogen production
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of India's leading integrated power producer NTPC Limited on Monday (September 11) said it has entered in a Memorandum of Understanding (MoU) with Nayara Energy to explore opportunities in the green hydrogen and green energy space.
The MoU was signed in the presence of Mohit Bhargava, CEO of NGEL and Amar Kumar, Head-Technical, Nayara Energy along with other senior officials from NTPC, NGEL and Nayara Energy.
As part of the deal, the two companies will produce green hydrogen for Nayara Energy's captive usage, speed-up decarbonization and catalyze reduction in carbon footprint.
Commenting on the latest agreement, NGEL's Bhargava noted the partnership will explore and implement cutting-edge technologies to produce green hydrogen.
"Green hydrogen would be a crucial element of India's clean energy future, and with this partnership, we will explore and implement cutting-edge technologies to produce green hydrogen, contributing to a cleaner and more resilient energy landscape," he added.
Nayara Energy is a downstream energy company of international scale with a strong presence across the hydrocarbon value chain. Nayara Energy owns India's second largest single-site refinery at Vadinar, Gujarat with a capacity of 20 MMTPA.
"Today, we take an important step forward by partnering with NTPC, leaders in green energy business, to explore the potential of green hydrogen. This collaboration will contribute to achieve the energy transition objectives of the country," said Dr. Alois Virag, CEO of Nayara Energy.