NGEL signs green hydrogen MoU with Nayara Energy

NTPC Green Energy (NGEL) has signed a memorandum of understanding (MoU) with Nayara Energy 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 decarbonisation and catalysing 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 Aatmanirbhar Bharat, NGEL said.

NGEL is a subsidiary of India’s largest power producer NTPC.

NTPC plans to install 60 gigawatts (GW) of RE capacity by 2032 and is currently working on a pipeline of more than 20 GW, out of which over 3 GW is operational capacity.

Nayara Energy owns India’s second largest single-site refinery at Vadinar, Gujarat with a capacity of 20 million tonnes per annum (MTPA). The company has over 6,000 operational retail outlets spread across India.

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