In order to realize green energy and green hydrogen objectives and the GOI’s efforts towards energy transition, NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) have signed a Memorandum of Understanding (MoU) in New Delhi recently.
The MoU envisages to collaborate in the field of Renewable Energy through sourcing of 250 MW RE-RTC (Round-The-Clock) power to meet the requirement of HMEL and also exploring opportunities in the Green Hydrogen business & its derivatives (Green Ammonia & Green Methanol).
NTPC is India’s largest Power Utility with core business of power generation having a total installed capacity of 72 GW (including JVs and subsidiaries). Established in 1975, the company has plans to become a 130 GW company by 2032. It is committed to generating reliable power at competitive prices in a sustainable manner by optimising the use of multiple energy sources with innovative eco-friendly technologies. As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed as ‘NTPC Green Energy Limited’ (NGEL), which shall take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power.
HPCL Mittal Energy Limited (HMEL), is a Joint Venture between HPCL and Mittal Energy Investments Pvt. Ltd., which is an integrated refining and petrochemical company in India. HMEL is engaged in the business of superior petroleum and petrochemical products and operates the Guru Gobind Singh Refinery (GGSR) with 11.3 MMTPA capacity at Bathinda, Punjab.
