NGEL Signs Land Lease Agreement with APIIC for Integrated Green Hydrogen Hub
The project includes the construction of India's largest green hydrogen production facility (1200 TPD), which will be converted to derivatives of hydrogen such as green ammonia and green methanol, primarily catering to various export markets.
![NGEL Signs Land Lease Agreement with APIIC for Integrated Green Hydrogen Hub](https://www.psuconnect.in/sdsdsd/NGEL_Signs_Land_Lease_Agreement_with_APIIC_for_Integrated_Green_Hydrogen_Hub.jpg)
New Delhi: NTPC Ltd., India’s largest integrated power company has signed a Land Lease Agreement to realize the green energy and green hydrogen objectives of NTPC and the GoI’s efforts towards energy transition. The agreement was signed on 20th February 2024 between NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the development of an “Integrated Green Hydrogen Hub” on 1200 acres land near Pudimadaka village of Atchutapuram Mandal, Visakhapatnam, Andhra Pradesh.
The Land Lease Deed was exchanged between Shri Sivakumar V V, Chief General Manager, NGEL and Shri Pravin Kumar, Vice-Chairman & Managing Director, APIIC at Secretariat, Govt. of AP, Amravati in the presence of Shri K S Jawahar Reddy, Chief Secretary, GoAP; Shri R Sarangapani, Executive Director, NTPC and other senior officials of GoAP, APIIC, NTPC and NGEL.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe Pudimadaka Green Hydrogen Hub aims to create a world-class ecosystem for technologies in the new energy paradigm, such as electrolyser and fuel cell manufacturing, related ancillary industries, start-up, incubation, testing facilities, production and export of green hydrogen and its derivatives (green ammonia/green methanol etc.).
The project includes the construction of India's largest green hydrogen production facility (1200 TPD), which will be converted to derivatives of hydrogen such as green ammonia and green methanol, primarily catering to various export markets.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsNTPC is India’s largest Power Utility with core business of power generation having a total installed capacity of 74 GW (including JVs and subsidiaries). 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.
NTPC Group has ambitious plans of 60 GW of RE capacity by the year 2032 and currently it has 3.4 GW of installed RE capacity and 22 plus GW under pipeline. NTPC is committed to supporting Andhra Pradesh’s and India’s decarbonisation goals.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh