New Delhi: NTPC RE Limited (NTPC REL) has signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) to realize green energy and green hydrogen objectives and the Government of India’s efforts toward the carbon-neutrality economy. The MoU was signed by Harshad R Patel, Managing Director, GACL, and Mohit Bhargava, Chief Executive Officer, NTPC REL.

The MoU envisages collaborating in the field of renewable energy, green methanol and green ammonia and mutually exploring the opportunities for the supply of 100 MW RE-RTC (Round The Clock) power and synthesizing 75 TPD Green Methanol and 35 TPD Green Ammonia for captive use for the production of various chemicals by GACL at its Vadodara and Dahej complex in Gujarat.

NTPC Limited has been at the forefront of RE capacity development and has been credited for bringing the lowest ever solar tariff in the country. NTPC REL, a 100 per cent subsidiary of NTPC was incorporated in October 2020 to take care of the RE business of NTPC. This development comes in the backdrop of NTPC announcing its green hydrogen initiatives and plans to build the country’s first pilot projects for synthesizing green methanol, setting up green hydrogen filling stations, green hydrogen blending into PNG, and green energy storage projects.

NTPC is India’s largest power utility and its core business is power generation with a total installed capacity of 69 GW including JVs and subsidiaries. GACL, incorporated in March 1973, is a state-owned chemical manufacturing unit. GACL is one of the largest producers of caustic soda in India, with a production capacity of over 1400 TPD at their two complexes in Dahej and Vadodara. /BI/