To investigate potential in the green hydrogen market, Nayara Energy and NTPC Green Energy Limited (NGEL) have signed into a contract. On Monday, in the presence of other senior officials from both parties, the memorandum of understanding (MoU) was signed by NGEL CEO Mohit Bhargava and Nayara Energy Head-Technical Amar Kumar.
"NGEL and Nayara Energy have entered into an MoU today to explore opportunities in the green hydrogen and green energy space," it stated. One of the biggest names in energy is a subsidiary of NTPC Green Energy Limited. The government's aim of Atmanirbhar Bharat is aligned with this collaboration, which is in line with NTPC's aspirations to develop hydrogen projects in India.
Green hydrogen, according to NGEL CEO Bhargava, will be a key component of India's clean energy future. Through this agreement, the business will investigate and put cutting-edge technology to manufacture green hydrogen into practise. The Ministry of Power's NTPC, which has a total installed capacity of about 73 gigawatts (GW), is India's largest power utility. The NTPC Group is working on a pipeline of more than 20 GW and has a goal of constructing a 60 GW capacity for renewable energy by 2032.