NTPC Green Energy Ltd (NGEL), an arm of NTPC Ltd, has signed a memorandum of understanding (MoU) with V.O Chidambaranar Port Authority (VOCPA) to develop a green hydrogen hub at VOCPA, Tuticorin, in Tamil Nadu.
Under the MoU, NGEL and VOCPA will collaborate to develop a green hydrogen hub for the production of green hydrogen and its derivatives such as green ammonia and green methanol, on the land provided by VOCPA, for export and domestic usage.
NTPC is India’s largest power utility with the core business of power generation having a total installed capacity of 73+ GW. NGEL, its wholly-owned subsidiary, has been formed to take up renewable energy parks and projects including businesses in the area of green hydrogen, energy storage technologies, and round-the-clock RE power.
NTPC Group targets 60 GW of RE capacity by the year 2032 and is currently working on a pipeline of 20+ GW, out of which over 3 GW is operational capacity.
VOCPA is an autonomous body under the Ministry of Ports, Shipping & Waterways (MOPSW), government of India. It has been identified by MOPSW to be developed as a green hydrogen/green ammonia refueling hub for green shipping. The Ministry of New and Renewable Energy (MNRE) has also identified VOCPA as the nodal port on the East Coast for the development of port infrastructure and logistics development for offshore wind, green hydrogen projects on a large scale.
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