India’s GreenZo Energy has signed a Memorandum of Understanding (MoU) with Nepal-based renewable power producer API Power to develop an aggregate 50 MW green hydrogen capacity in Nepal. It will install polymer electrolyte membrane (PEM) electrolysis-based green hydrogen plants at various locations in Nepal over three years. The plants will have a green hydrogen output of 4,000 metric tonnes per year.
API Power will invest INR 1,000 crore in the project. It has proposed its existing hydro and solar project sites for the hydrogen plants.
The first in the series, a pilot green hydrogen plant of 1 MW, will come up at API Power’s 8.5 MW Naugarh Gad hydroelectric project site.
Sanjeev Neupane, managing director, API Power, said, “Nepal is rich in hydropower with 20 GW of projects under development. The seasonal nature of resources from the vast network of rivers necessitates hydrogen storage,” said Sanjeev Neupane, managing director, API Power.
Shreya Agarwal, Lead Strategy and Operations of GreenZo Energy, said the MoU will come into effect from July 18, 2022, and will remain active until the proposed projects are completed by 2025.
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