NGEL Signed MoU with Govt of Maharashtra for Green Hydrogen Projects

NGEL Signed MoU with Govt of Maharashtra for Green Hydrogen Projects

NTPC Green Energy Limited (NGEL) signed a Memorandum of Understanding (MoU) with Govt of Maharashtra for development of Green Hydrogen and derivatives (Green Ammonia, Green Methanol) of up to 1 million Ton capacity per annum, including Pump Hydro Projects of 2 GW and development of RE projects with or without storage up to 5 GW in the state. 

The MoU was exchanged between Shri Mohit Bhargava, Chief Executive Officer, NGEL and Shri Narayan Karad, Deputy Secretary (Energy), GoM in the presence of Honโ€™ble Chief Minister, Honโ€™ble Deputy CM and other senior officials.

The above MoU has been signed as a part of Green Investment Plan of Govt of Maharashtra in the next five years and envisages a potential investment of approximately โ‚น 80, 000 Crore.

NTPC is in the path of building up RE capacity of 60 GW by 2032.

NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPCโ€™s Renewable Energy journey with an operational capacity of over 3.4 GW and 26 GW in pipeline including 7 GW under implementation.

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