NTPC partnered with IOCL, ONGC, DVC for green energy projects

NTPC Green Energy Ltd (NGEL) aims to expand its capacity to 60 gigawatt by 2032, which will be a combination of solar and wind, says CMD Gurdeep Singh. “In addition to solar, wind storage, the focus is going to be on green molecules. Green molecule is a green hydrogen based derivative, which is green ammonia, green methanol, green ethanol, DME, sustainable aviation fuel and green urea also.”

“So we are also working on developing the hydrogen hub near Visakhapatnam, where we have now 1200 acres of land which will be developed. And this is a coastal location, which is going to serve the requirement domestically as well as it is a very good location for the export of the green hydrogen based derivatives,” he says.

Speaking about NGEL’s business prospects, Singh says that the renewable energy company is working with several states and central PSUs like Indian Oil Corporation (IOCL), Oil and Natural Gas Corporation Limited (ONGC), Damodar Valley Corporation (DVC), and others for green energy projects.

“The company is developing a 5,000 MW renewable energy park at Rann of Kutch in Khavada, Gujarat. In addition, there is another solar renewable energy Park in that area, which we are also entering into the bidding process. Besides, we are working on around 2,000 MW there. So, it's 7000 megawatt in the Kutch area,” he says.

“Similarly, the company has signed the joint venture agreement with the state of Rajasthan, where it is developing 25,000 MW. It has also signed deals with two companies in Maharashtra, totaling about 20,000 MW,” he adds.