New Delhi: In order to realize green energy and green hydrogen objectives and the Centre’s efforts towards energy transition, NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) have signed a Memorandum of Understanding (MoU) here recently. The MoU was signed by VV Sivakumar, GM, NGEL, and Girish Ghildiyal, GM, HMEL, in the presence of Mohit Bhargava, CEO, NGEL, and Harak Banthia, CFO, HMEL.

The MoU envisages collaborating in the field of renewable energy through sourcing of 250 MW RE-RTC (Round-The-Clock) power to meet the requirement of HMEL and also exploring opportunities in the green hydrogen business and its derivatives like green ammonia and green methanol.

NTPC is India’s largest power utility with core business of power generation having a total installed capacity of 72 GW including JVs and subsidiaries. As a 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 and energy storage technologies.

HPCL Mittal Energy Limited (HMEL) is a Joint Venture between HPCL and Mittal Energy Investments Pvt Ltd, which is an integrated refining and petrochemical company in India. HMEL is engaged in the business of superior petroleum and petrochemical products and operates the Guru Gobind Singh Refinery (GGSR) with 11.3 MMTPA capacity at Bathinda, Punjab. /BI/