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NTPC Green Energy Signs a $9 Billion MoU with Maharashtra Government to Develop Green Hydrogen Projects

Last Updated on Jun 25, 2024, 04:00 AM IST
NTPC Green Energy Signs a $9 Billion MoU with Maharashtra Government to Develop Green Hydrogen Projects

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In a major push for clean energy, NTPC Green Energy Limited (NGEL) and the Maharashtra government have signed a landmark Memorandum of Understanding (MoU) worth a staggering USD 9 billion (approximately INR 80,000 crores). This ambitious pact aims to transform Maharashtra into a green hydrogen hub, propelling India's transition to a sustainable future.

 

NTPC Green Energy Signs a $9 Billion MoU with Maharashtra Government to Develop Green Hydrogen Projects

 

Up to 1 million metric tons of green hydrogen and its derivatives, like green ammonia and methanol, will be produced annually. This clean fuel can power various industries, from transportation to fertilizer, significantly reducing the carbon footprint.

 

Find Green Hydrogen Projects and Tenders in IndiaGet Started Now!

 

The MoU also entails setting up 5 GW of renewable energy projects, both with and without storage solutions. This will address the growing demand for clean electricity and stabilize the grid, especially with the integration of intermittent renewable sources.

 

This collaboration is a significant step forward for India's green ambitions. The Maharashtra government's commitment to green hydrogen aligns with the country's National Hydrogen Mission, which aims to make India a global leader in green hydrogen production and utilization by 2030.

 

 

About NTPC Green Energy Limited

 

NTPC Green Energy Signs a $9 Billion MoU with Maharashtra Government to Develop Green Hydrogen Projects

 

This collaboration is a significant step forward for India's green ambitions. The Maharashtra government's commitment to green hydrogen aligns with the country's National Hydrogen Mission, which aims to make India a global leader in green hydrogen production and utilization by 2030.

 

NTPC Green Energy (NGEL) is on a mission to transform India's energy landscape, focusing on renewable energy, green hydrogen, and energy storage. Here's a glimpse into their upcoming projects:

 

 

 

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Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start dates, commissioning dates, and key contact information of project owners and stakeholders.

 

The database is a vital resource for a wide range of entities, including energy companies, EPC companies, facility operation and maintenance (O&M) companies, consulting and advisory firms, investors, energy investment firms, project finance agencies, research and development organizations, regulatory bodies, and law firms.

 

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