New Delhi: In a significant move that underscores the Government of India’s commitment for green energy and sustainable future, Prime Minister Narendra Modi will lay the foundation stone for the state-of-the-art NTPC Green Energy Limited Green Hydrogen Hub Project at Pudimadaka Visakhapatnam today.
The project, which is being developed jointly by NGEL, the renewable arm of NTPC Ltd., and NREDCAP, the renewable arm of the Govt of Andhra Pradesh is the first Green Hydrogen Hub under the National Green Hydrogen Mission.
NGEL and New & Renewable Energy Development Corporation of AP Ltd. (NREDCAP) have already signed JV agreement for development of 20 GW RE projects, 1500 TPD Green Hydrogen and 7500 TPD Green Hydrogen derivatives (including Green Methanol, Green Urea and Sustainable Aviation Fuel), making it one of India’s largest integrated green hydrogen production facilities.
This is expected to bring approx. ₹1,85,000 Crore investment to the state and provide huge employment opportunities while at the same time contributing substantially in achieving India’s non-fossil energy capacity target of 500 GW by 2030.
Further, the company has also signed a similar MoU with Govt of Rajasthan for development of 25 GW of Renewable Energy Projects in the state of Rajasthan.
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