MoneyWorks4Me

NTPC’s arm inks MoUs for green hydrogen projects in Gujarat

15 Jan 2024 Evaluate

NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed the Memoranda of Understandings (MoUs) with Gujarat State Petroleum Corporation (GSPC) and Gujarat Pipavav Port (GPPL) for the development of green hydrogen projects in Gujarat. These pacts were signed at the Vibrant Gujarat Summit in Gandhinagar. 

The MoU with GSPC is for the blending of green hydrogen in the gas networks of GSPC and green hydrogen mobility by setting up of green hydrogen fuelling stations in Gujarat. The MoU with GPPL aims to develop green hydrogen ecosystem, including production of Green Ammonia at the land provided by GPPL for export and domestic market

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
View more..