NTPC, NGEL Ink MoUs with Rajasthan Rajya Vidyut Utpadan Nigam

Bengaluru, 12th March, 2024: NTPC & NGEL signed two separate non-binding Memorandum of Understanding (MoU) with RVUNL on 10th March 2024, in a MoU signing ceremony at Chief Minister’s Office in Jaipur, Rajasthan.

The MoU between NTPC & RVUNL was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the Parties aim to implement measures to enhance efficiency and reduce the generation cost of the plant’s existing units. Furthermore, the MoU also includes the undertaking of 15 to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL by NTPC or its affiliates. The MoU was signed by Shri R Sarangapani, Executive Director, BD, IBD & Consultancy, NTPC and Shri Devender Shringi, Chairman and Managing Director, RVUNL.

The MoU between NGEL & RVUNL was signed for development of Renewable Energy Projects and Green Hydrogen Derivatives up to 25 GW and 1 million Ton capacities respectively in the State of Rajasthan.

The MoU was signed by Shri Rajiv Gupta, Chief Executive Officer, NGEL and Shri Devender Shringi, Chairman and Managing Director, RVUNL.

The signing ceremony took place in the esteemed presence of Shri Bhajan Lal Sharma, Hon’ble Chief Minister of Rajasthan, Shri R K Singh, Hon’ble Minister of Power and New and Renewable Energy, Govt of India, Shri Pralhad Joshi, Hon’ble Minister of Coal & Mines, Govt of India (both connected virtually), Smt. Diya Kumari, Hon’ble Deputy Chief Minister of Rajasthan, Shri Heeralal Nagar, Hon’ble Minister of State for the Energy Department, Government of Rajasthan, Shri Amrit Lal Meena, Secretary Coal, Govt of India, Shri Sudhansh Panth, Chief Secretary of Rajasthan.

On behalf of NTPC Ltd, Shri Gurdeep Singh, Chairman and Managing Director, Shri D.K Patel, Director (HR) and Shri Vivek Gupta, Independent Director along with other senior officials, were also present to grace the occasion.

NTPC Limited is India’s largest integrated power utility having 75+ GW installed capacity that contributes 25% of total electricity demand in India. By 2032, NTPC is looking to expand its non-fossil based capacity to 45-50% of the company’s portfolio that will include 60 GW RE capacity with a total portfolio of 130 GW.

NGEL Signs Land Lease Agreement with APIIC

NTPC Ltd., India’s largest integrated power company has signed a Land Lease Agreement in order to realize the green energy and green hydrogen objectives of NTPC and the GoI’s efforts towards energy transition. The agreement was signed on 20th February, 2024 between NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for development of “Integrated Green Hydrogen Hub” on 1200 acres land near Pudimadaka village of Atchutapuram Mandal, Visakhapatnam, Andhra Pradesh.

PIC- NGEL Signs Land Lease Agreement with APIIC for Integrated Green Hydrogen Hub

The Land Lease Deed was exchanged between Shri Sivakumar V V, Chief General Manager, NGEL and Shri Pravin Kumar, Vice-Chairman & Managing Director, APIIC at Secretariat, Govt. of AP, Amravati in the presence of Shri K S Jawahar Reddy, Chief Secretary, GoAP; Shri R Sarangapani, Executive Director, NTPC and other senior officials of GoAP, APIIC, NTPC and NGEL.

The Pudimadaka Green Hydrogen Hub aims to create a world-class ecosystem for technologies in the new energy paradigm, such as electrolyser and fuel cell manufacturing, related ancillary industries, start-up, incubation, testing facilities, production and export of green hydrogen and its derivatives (green ammonia/green methanol etc.). The project includes construction of India’s largest green hydrogen production facility (1200 TPD), which will be converted to derivatives of hydrogen such as green ammonia and green methanol, primarily catering to various export market.

NTPC is India’s largest Power Utility with core business of power generation having a total installed capacity of 74 GW (including JVs and subsidiaries). As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed as “NTPC Green Energy Limited” (NGEL) which shall take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power.

NTPC Group has ambitious plans of 60 GW of RE capacity by the year 2032 and currently it has 3.4 GW of installed RE capacity and 22 plus GW under pipeline. NTPC is committed to supporting Andhra Pradesh’s and India’s decarbonisation goals.