NGEL, HMEL agree to work on green hydrogen

NGEL and HMEL tie up to collaborate on renewable energy and production of green hydrogen and synthesis of green chemicals.

To realize the Government of India’s efforts towards green energy and green hydrogen objectives and energy transition, NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) have entered into a Memorandum of Understanding (MoU) on 19th May 2023 Signed. The MoU was signed by Mr. V.V. Shivakumar, GM (NGEL) and Mr. Girish Ghildiyal, GM (HMEL) in the presence of Mr. Mohit Bhargava, CEO (NGEL) and Mr. Harak Banthia, CFO (HMEL).

The MoU envisages cooperation in the field of renewable energy by way of sourcing 250 MW RE-RTC (round-the-clock) power to meet the requirement of HMEL and green hydrogen business and its derivatives (green ammonia and Green) also searches for opportunities. methanol).

NTPC is India’s largest power utility with a core business of power generation, with a total installed capacity of 72 GW (including JVs and subsidiaries). As part of enhancing its renewable energy portfolio, a wholly owned subsidiary has been formed as “NTPC Green Energy Limited” (NGEL) to develop renewable energy parks and projects using green hydrogen, energy storage technologies and Will take business in the area of ​​round. The Clock Re Power.

HPCL Mittal Energy Limited (HMEL), a joint venture between HPCL and Mittal Energy Investments Private Limited, is an integrated refining and petrochemical company in India. HMEL is engaged in the business of refined petroleum and petrochemical products and operates 11.3 MMTPA capacity Guru Gobind Singh Refinery (GGSR) at Bathinda, Punjab.