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NTPC Ltd., India’s largest built-in energy firm has signed a Land Lease Settlement in an effort to understand the inexperienced power and inexperienced hydrogen targets of NTPC and the GoI’s efforts in direction of power transition. The settlement was signed on 20th February, 2024 between NTPC Inexperienced Power Restricted (NGEL) and Andhra Pradesh Industrial Infrastructure Company (APIIC) for growth of “Built-in Inexperienced Hydrogen Hub” on 1200 acres land close to Pudimadaka village of Atchutapuram Mandal, Visakhapatnam, Andhra Pradesh.
The Land Lease Deed was exchanged between Shri Sivakumar V V, Chief Normal Supervisor, NGEL and Shri Pravin Kumar, Vice-Chairman & Managing Director, APIIC at Secretariat, Govt. of AP, Amravati within the presence of Shri Okay S Jawahar Reddy, Chief Secretary, GoAP; Shri R Sarangapani, Govt Director, NTPC and different senior officers of GoAP, APIIC, NTPC and NGEL.
The Pudimadaka Inexperienced Hydrogen Hub goals to create a world-class ecosystem for applied sciences within the new power paradigm, reminiscent of electrolyser and gasoline cell manufacturing, associated ancillary industries, start-up, incubation, testing amenities, manufacturing and export of inexperienced hydrogen and its derivatives (inexperienced ammonia/inexperienced methanol and so on.). The undertaking contains building of India’s largest inexperienced hydrogen manufacturing facility (1200 TPD), which might be transformed to derivatives of hydrogen reminiscent of inexperienced ammonia and inexperienced methanol, primarily catering to varied export market.
NTPC is India’s largest Energy Utility with core enterprise of energy era having a complete put in capability of 74 GW (together with JVs and subsidiaries). As a part of rising its renewable power portfolio, a totally owned subsidiary has been shaped as “NTPC Inexperienced Power Restricted” (NGEL) which shall take up Renewable Power Parks and Initiatives together with enterprise within the space of Inexperienced Hydrogen, Power Storage Applied sciences, and Around the Clock RE Energy.
NTPC Group has bold plans of 60 GW of RE capability by the yr 2032 and presently it has 3.4 GW of put in RE capability and 22 plus GW underneath pipeline. NTPC is dedicated to supporting Andhra Pradesh’s and India’s decarbonisation objectives.
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