Green Hydrogen NGEL, Nayara Energy collaborate to produce Green Hydrogen
NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of India’s leading integrated power producer NTPC Limited, and Nayara Energy, an international downstream Energy Company of International scale, have entered into a Memorandum of Understanding (MoU) on Monday to explore opportunities in the Green Hydrogen and Green Energy space.
The MoU signing ceremony was attended by Mohit Bhargava, CEO, NGEL and Amar Kumar, Head-Technical, Nayara Energy. Other senior officials of NTPC, NGEL and Nayara Energy were also present on the occasion.
The MoU envisages to collaborate and produce Green Hydrogen for Nayara Energy's captive usage, accelerate decarbonisation and catalyse reduction in carbon footprint.
This collaboration is in line with NTPC's initiatives to develop hydrogen projects in India and aligns with the vision of a self-reliant India (Atmanirbhar Bharat) as laid out by the Hon’ble Prime Minister.
While congratulating the team, Mohit Bhargava, CEO (NGEL), said, “We are happy to join hands with Nayara Energy in our shared commitment to accelerate India's transition to clean and sustainable energy sources.
Green Hydrogen would be a crucial element of India's clean energy future, and with this partnership, we will explore and implement cutting-edge technologies to produce Green Hydrogen, contributing to a cleaner and more resilient energy landscape.
Through NGEL, we are dedicated to expanding our Green Energy portfolio, and this collaboration exemplifies our relentless pursuit of a greener and more sustainable future for the nation.
While appreciating the efforts of NTPC for Green Hydrogen, Dr Alois Virag, CEO, Nayara Energy, said, "As a prominent player in the energy industry, environmental sustainability is deeply ingrained in all our business operations at Nayara Energy. Today, we take an important step forward by partnering with NTPC, leaders in Green Energy business, to explore the potential of Green Hydrogen. This collaboration will contribute to achieve the energy transition objectives of the country."
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