NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of India’s NTPC Limited, has joined forces with Nayara Energy, a global downstream energy company of considerable scale. This partnership aims to explore opportunities in the realm of Green Hydrogen and Green Energy.
The Memorandum of Understanding (MoU) that solidified this collaboration was signed on a momentous occasion attended by key stakeholders from both organizations. Mohit Bhargava, CEO of NGEL, and Amar Kumar, Head-Technical at Nayara Energy, were among the attendees, highlighting the significance of this venture.
One of the primary objectives of this MoU is to collaborate on the production of Green Hydrogen, primarily for Nayara Energy’s in-house consumption. This strategic partnership intends to expedite the decarbonization process and catalyze a substantial reduction in carbon emissions.
This initiative aligns seamlessly with NTPC’s ongoing efforts to develop hydrogen projects within India. It is also in sync with the vision of a self-reliant India, as envisioned by the Hon’ble Prime Minister.
Commenting on this milestone partnership, Mohit Bhargava, CEO of NGEL, expressed his enthusiasm, saying, “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.”
Dr. Alois Virag, CEO of Nayara Energy, also commended NTPC’s efforts in the Green Hydrogen domain, saying, “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 the Green Energy business, to explore the potential of Green Hydrogen. This collaboration will contribute to achieving the energy transition objectives of the country.”