GreenZo Energy will set up green hydrogen capacities totalling 50 MW at various locations in Nepal.
The company has signed a memorandum of understanding (MoU) with API Power Company Limied to develop 50 MW green hydrogen plants.
The plant can generate 4,000 million tonnes of hydrogen annually within a span of three years. Under the agreement, API Power has proposed sites of existing hydro and solar projects to be used for the hydrogen initiative. API Power will invest $0.078 bn (Rs 10 billion) in the project.
The pilot hydro project of 1 MW, as agreed by both the companies, will take off at 8.5 MW Naugarh Gad hydroelectric project. The project is expected to be completed by 2025.
Tags: API Power, GreenZo Energy, Hydrogen, Nepal
Recent Posts
Govt urges sugar industry to diversify into green fuels
Cement sector must innovate to achieve net-zero emissions
India’s ethanol production capacity reaches 1,685 crore liters
Sembcorp bags first solar plus energy storage project in India
Wärtsilä to power world’s largest cement carrier for NovaAlgoma
Ethanol sourcing from sugar mills to be less this season
Centre grants approval for 47 ethanol projects in Bihar
China builds seawater hydrogen production project