New Delhi: NTPC Green Energy Limited and Nayara Energy have signed a Memorandum of Understanding to explore green hydrogen and green energy opportunities.
The agreement aims to produce green hydrogen for Nayara Energy’s captive use, accelerate decarbonisation, and reduce carbon footprint, aligning with NTPC’s hydrogen projects and Prime Minister’s Atmanirbhar Bharat vision.
The MoU signing ceremony was attended by NGEL CEO Shri Mohit Bhargava and Nayara Energy Head-Technical Shri Amar Kumar, as well as other senior officials from NTPC, NGEL, and Nayara Energy.
NGEL CEO Shri Mohit Bhargava announced a partnership with Nayara Energy to develop advanced technologies for green hydrogen production. The partnership aims to accelerate India’s transition to clean energy sources and contribute to a cleaner, more resilient energy landscape.
While recognising NTPC’s efforts for green hydrogen, Dr. Alois Virag, CEO of Nayara Energy, stated that, despite the company’s prominence in the energy industry, environmental sustainability is deeply ingrained in all business operations. “Today, we take an important step forward by partnering with NTPC, leaders in the green energy business, to explore the potential of green hydrogen.” “This collaboration will help the country achieve its energy transition objectives.”
NTPC, India’s largest power utility, plans to build 60 GW of renewable energy capacity by 2032, with a pipeline of 20+ GW, including over 3 GW of operational capacity, and NGEL as a subsidiary.
Nayara Energy, an international integrated downstream company, operates India’s second-largest single-site refinery in Vadinar, Gujarat and over 6,000 retail outlets.
