NTPC Renewable Energy, a subsidiary of NTPC Green Energy, has signed a term sheet with Greenko ZeroC to supply 1,300 MW of round-the-clock renewable power to the latter’s green ammonia plant in Kakinada.
The agreement is among the world’s largest contracts for the supply of round-the-clock renewable energy to an industrial customer. The deal is significant as Greenko’s upcoming green ammonia plant at Kakinada requires a large amount of power to produce green hydrogen and green ammonia. The plant aims to produce 500,000 tonnes of green ammonia per annum by using hydrogen produced from renewable energy sources.
NTPC Renewable Energy, a state-owned company, is one of India’s largest power generation companies. NTPC has a diversified power generation mix, which includes coal, gas, hydro, solar, and wind energy sources. NTPC is also India’s largest renewable energy company in terms of capacity, with a total installed capacity of over 1 GW.
The company is committed to reducing its carbon footprint and promoting clean energy. In 2021, NTPC signed an MoU with the Indian Oil Corporation to explore opportunities for the production of green hydrogen, which is a clean energy source. The company is also developing a green hydrogen ecosystem and has planned several projects in the renewable energy sector.