NTPC Green Energy Collaborates with Bharat Light and Power for Green Hydrogen Project
Key Ideas
- NTPC Green Energy and Bharat Light and Power signed an MoU to focus on green energy objectives and the carbon neutral economy.
- The collaboration aims to explore the off-take of green hydrogen and its derivatives while also considering selling captured carbon.
- NGEL and its affiliates will establish the infrastructure needed for the green hydrogen project as part of their Net Zero commitments.
- Shares of NTPC Green Energy are trading higher, indicating positive market response to the collaboration.
NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Ltd, has partnered with Bharat Light and Power Private Limited (BLP) to advance green energy objectives and support the Indian government's initiatives for a carbon neutral economy. The Memorandum of Understanding (MoU) exchange took place in New Delhi between the Chief General Manager of NTPC and the CEO of BLP, aiming to jointly explore the off-take of green hydrogen and its derivatives. Additionally, opportunities for selling captured or biogenic carbon from NGEL will also be explored. NGEL and its affiliates will set up the necessary infrastructure for the green hydrogen project under a Build-Own-Operate (B-O-O) mode, aligning with their Net Zero commitments. The market response has been positive, with NTPC Green Energy's shares trading higher, indicating investor confidence in the collaboration's potential.
Topics
India
Infrastructure
Sustainability
Green Energy
Carbon Neutral
Market Capitalization
MoU
Energy Stock
RE Projects
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