NHPC Ltd and Damodar Valley Corporation (DVC) are looking to develop hydropower and pump storage projects as energy storage solutions jointly.
The two state-run power producers have signed a Memorandum of Understanding (MoU) to explore the formation of a joint venture company for exploring and setting up hydropower and pump storage projects. The MoU envisages the joint development of mutually identified projects.
NHPC is also foraying into green hydrogen production. It recently signed two MoUs to establish pilot green hydrogen projects in Leh and Kargil districts of the Indian union territory of Ladakh.
In Leh, NHPC will develop a pilot green hydrogen fuel cell-based microgrid, including hydrogen production, to meet the power requirement of the NHPC guest house at Nimmo Bazgo Power Station (Leh) within NHPC premises.
The hydrogen generated in Kargil will be used in fuel cells to run two buses for up to 8 hours in the local area of Kargil.
NHPC will upscale hydrogen production on a commercial scale to meet the hydrogen need of the Ladakh region in different sectors like mobility, transportation, heating, and micro-grid.
“These two pilot [green hydrogen] projects will create a roadmap for future development of green hydrogen and subsequent reduction of carbon emission in the transportation/heating sector and will also attract long-term investment in the hydrogen economy creating different revenue streams and job opportunities for the youth of Ladakh,” stated NHPC.
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