New Delhi: NTPC Green Energy Limited (NGEL) and Nayara Energy have signed a Memorandum of Understanding (MoU) to explore opportunities in the Green Hydrogen and Green Energy sector.
The memorandum of understanding (MoU) aims for collaboration in producing Green Hydrogen for Nayara Energy’s internal usage, expediting decarbonisation efforts, and driving a reduction in carbon footprint. This collaboration aligns with NTPC’s initiatives to develop hydrogen projects in India and supports the vision of a self-sufficient India (Atmanirbhar Bharat) as outlined by the Government.
Congratulating the team, CEO (NGEL) Mohit Bhargava said that this partnership will explore and implement cutting-edge technologies to produce Green Hydrogen. “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.’
Further adding he said, ‘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.’
While appreciating the efforts of NTPC for Green Hydrogen, CEO, Nayara Energy, Dr. Alois Virag has communicated that Nayara Energy being a prominent player in the energy industry, environmental sustainability is deeply ingrained in all business operations of the company. ‘Today, we take an important step forward by partnering with NTPC, leaders in Green Energy business, to explore the potential of Green Hydrogen. This collaboration will contribute to achieve the energy transition objectives of the country.’
The MoU signing ceremony was attended by CEO, NGEL, Mohit Bhargava and Head-Technical, Nayara Energy, Amar Kumar, along with other senior officials of NTPC, NGEL and Nayara Energy. Congratulating the team, CEO (NGEL), Mohit Bhargava said that this partnership will explore and implement cutting-edge technologies to produce Green Hydrogen.
