NTPC Green Energy Limited Announces Joint Venture for Renewable Energy and Green Hydrogen Production in Andhra Pradesh
Key Ideas
- NTPC Green Energy Limited and New & Renewable Energy Development Corporation of Andhra Pradesh have formed a 50:50 joint venture, AP NGEL HARIT AMRIT LIMITED, focusing on renewable energy projects and green hydrogen production.
- The new company plans to develop solar, wind, and hybrid power projects up to 25 GW capacity along with green hydrogen production of 0.5 MMTPA and green derivatives like ammonia and methanol.
- One of the key objectives includes building pumped hydro storage projects with up to 10 GW capacity at selected sites in Andhra Pradesh, aligning with India's renewable energy goals for a sustainable future.
- The Ministry of Power, Government of India, and relevant departments have approved the formation of the joint venture, marking a significant step towards promoting large-scale renewable energy deployment in the region.
NTPC Green Energy Limited (NGEL) has taken a significant initiative by establishing a joint venture company, AP NGEL HARIT AMRIT LIMITED, with the New & Renewable Energy Development Corporation of Andhra Pradesh to focus on renewable energy projects and green hydrogen production. The newly formed company, registered on February 6, 2025, as a 50:50 joint venture, aims to develop solar, wind, and hybrid power projects up to 25 GW capacity. Additionally, it plans to produce 0.5 million metric tonnes per annum (MMTPA) of green hydrogen, along with green ammonia and green methanol. The initiative also includes the development of pumped hydro storage projects with a capacity of up to 10 GW in Andhra Pradesh. The Ministry of Power, Government of India, along with relevant departments, has approved this joint venture, emphasizing its importance in advancing India's renewable energy sector and green hydrogen production. This partnership aligns with India's commitment to a sustainable and low-carbon energy future, particularly by promoting renewable energy deployment in Andhra Pradesh to meet the country's energy goals.