NTPC Green Energy's Venture for Green Energy and Hydrogen in Andhra Pradesh
Key Ideas
- NTPC Green Energy Ltd signed a joint venture agreement with NREDCAP for developing 25 GW of renewable energy projects, 0.5 MMTPA of green hydrogen, and 10 GW of pumped storage projects in Andhra Pradesh.
- The agreement is expected to bring ₹2 lakh crore investment to the state, creating significant employment opportunities.
- NTPC's green hydrogen hub at Pudimadaka in Andhra Pradesh, with an investment of ₹1.85 trillion, aims to produce 1,500 tonnes of green hydrogen daily, with talks already underway with potential buyers like Toyo Engineering Corp., Getek AS, and Fortescue.
- NGEL is emphasizing joint ventures for green hydrogen supply, as seen with collaborations with Indian Oil Corp. Ltd, Hindustan Petroleum Corp. Ltd, and Hindalco Industries, showcasing a growing trend in sustainable energy partnerships in India.
NTPC Green Energy Ltd (NGEL) has entered a joint venture agreement with the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) to develop 25 GW of renewable energy projects, along with green hydrogen and pumped storage projects in Andhra Pradesh. This initiative is part of a plan to bring in ₹2 lakh crore of investment to the state and create significant employment opportunities. The agreement also includes the development of a green hydrogen hub at Pudimadaka in Andhra Pradesh, aiming to produce 1,500 tonnes of green hydrogen daily.
NTPC has been actively engaging in discussions with potential buyers for the green hydrogen produced at the hub, including companies like Toyo Engineering Corp., Getek AS, and Fortescue. The company plans to offer a plug-and-play model for producing green hydrogen at the hub, similar to facilities available at special economic zones.
NGEL, the green energy arm of NTPC, has been focusing on joint ventures for green hydrogen supply. Previous collaborations include a 50:50 JV with Indian Oil Corp. Ltd for renewable energy supply and talks with Hindustan Petroleum Corp. Ltd and Hindalco Industries for green hydrogen supply. These partnerships highlight the growing trend of sustainable energy collaborations in India, showcasing a positive outlook towards green energy development.
Topics
Projects
Renewable Energy
Investment
Energy Storage
Partnerships
Supply Chain
Offtake Agreements
Joint Venture
Employment Opportunities
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