NTPC Green Energy Limited, part of NTPC Limited, signed an MoU with Nayara Energy to explore opportunities in green hydrogen and green energy space, such as production, captive usage, etc.
Sep 11, 2023
NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, and Nayara Energy have signed a Memorandum of Understanding (MoU) to explore opportunities in the green hydrogen and green energy space.
The MoU envisages collaborating and producing green hydrogen for Nayara Energy’s captive usage, accelerating decarbonization and catalyzing reduction in carbon footprint. This collaboration is in line with NTPC’s initiatives to develop hydrogen projects in India and aligns with the vision of Atmanirbhar Bharat.
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The signing ceremony was attended by Mr. Mohit Bhargava, Chief Executive Officer of NGEL, Mr. Amar Kumar, Head-Technical of Nayara Energy, and other senior officials of NTPC, NGEL, and Nayara Energy.
Mr. Mohit Bhargava, Chief Executive Officer of NGEL, congratulated the team, “We are happy to join hands with Nayara Energy in our shared commitment to accelerate India’s transition to clean and sustainable energy sources. 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. Through NGEL, we are dedicated to expanding our Green Energy portfolio, and this collaboration exemplifies our relentless pursuit of a greener and more sustainable future for the nation.”
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Dr. Alois Virag, Chief Executive Officer of Nayara Energy, appreciated NTPC’s efforts for green hydrogen, “As a prominent player in the energy industry, environmental sustainability is deeply ingrained in all our business operations at Nayara Energy. Today, we take an important step forward by partnering with NTPC, leaders in the Green Energy business, to explore the potential of Green Hydrogen. This collaboration will contribute to achieving the energy transition objectives of the country.”
