February 22, 2024 [GEOSPATIAL WORLD]- India’s largest integrated power company NTPC Limited has signed a Land Lease Agreement to realize its green energy and green hydrogen objectives, thus also contributing to the Government of India’s efforts towards energy transition. The agreement, signed on 20th February 2024 between NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC), is for the development of an “Integrated Green Hydrogen Hub”.
The Land Lease Deed was exchanged between Chief General Manager, NGEL, Shri Sivakumar V. V. and Vice-Chairman & Managing Director, APIIC, Shri Pravin Kumar at Secretariat, Government of Andhra Pradesh, Amravati in the presence of Chief Secretary, Government of Andhra Pradesh, Shri K S Jawahar Reddy; Executive Director, NTP, Shri R Sarangapani and other senior officials.
The overarching objective of the Mission is to make India the Global Hub for the production, usage and export of Green Hydrogen and its derivatives.
NTPC is India’s largest Power Utility in the core business of power generation, with a total installed capacity of 74 GW (including joint ventures and subsidiaries).
As part of increasing its renewable energy portfolio, a fully owned subsidiary “NTPC Green Energy Limited” (NGEL) has been formed, which will take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies, and Round-the-Clock renewable energy power.
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