NTPC partners with HPCL Mittal Energy for renewable energy and green hydrogen projects
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of India's public sector power utility NTPC and HPCL Mittal Energy Limited (HMEL) have signed a Memorandum of Understanding (MoU) for collaboration in renewable energy and exploring opportunities in the green hydrogen and its derivatives business.
The MoU was signed by V. V. Sivakumar, GM, NGEL and Girish Ghildiyal, GM, HMEL in the presence of Mohit Bhargava, CEO, NGEL and Harak Banthia, CFO, HMEL among other members in Noida.
"The MoU envisages to collaborate in the field of renewable energy through sourcing of 250 MW RE-RTC (round-the-clock) power to meet the requirement of HMEL and also exploring opportunities in the green hydrogen business and its derivatives (green ammonia and green methanol)," stated NTPC in its official release.
At present, NTPC has a total installed capacity of 72GW and as part of increasing its growing renewable energy portfolio, NGEL will be taking up green projects such as renewable energy parks and businesses in the area of green hydrogen, energy storage technologies, and R-T-C renewable energy.
HPCL Mittal Energy Limited (HMEL), is a joint venture between HPCL and Mittal Energy Investments Pvt Ltd. which is an integrated refining and petrochemical company in India. HMEL is engaged in the business of superior petroleum and petrochemical products and operates the Guru Gobind Singh Refinery (GGSR) with 11.3 MMTPA capacity at Bathinda, Punjab.