MoU signed for implementation of Green Hydrogen Projects in Army Establishments
NTPC Renewable Energy Ltd has signed an MoU with the Indian Army for setting up Green Hydrogen Projects in its establishments on Build, Own and Operate (BOO) model.
An overview of the news
It aims toreduce complex logistics, dependence on fossil fuels and accelerate decarbonisation.
The MoU was signed by Mohit Bhargava, CEO (NTPC REL) and Lt Gen Rajinder Dewan.
Within the scope of the MoU, potential sites will be identified for setting up green hydrogen projects for supply of electricity in a phased manner.
NTPC REL will also design, develop and install renewable energy projects (solar, wind etc.) for the Indian Army.
The MoU signals an advanced approach to modernization by the Indian Army.
This is the first of its kind agreement and heralds a new era of border security backed by energy security for the country's defense line.
NTPC Renewable Energy Ltd
It is a wholly owned subsidiary of NTPC Limited.
It currently has a portfolio of 3.6 GW RE capacity under construction.
NTPC Group has an ambitious plan of 60 GW RE capacity by 2032 and currently has an installed RE capacity of 3.2 GW.
The NTPC which was earlier known as National Thermal Power Corporation of India is owned by the Government of India. It was set up in 1975.
The Vindhyachal Thermal Power Station in the Singrauli district of Madhya Pradesh, with an installed capacity of 4,760MW, is currently the biggest thermal power plant in India.
It is a coal-based power plant owned and operated by NTPC.
Headquarters: New Delhi
Chairman and Managing Director: Gurdeep Singh
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