GreenZo Energy to set up 50 MW hydrogen capacity in Nepal

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.