In a significant move towards advancing sustainable energy initiatives, NTPC Green Energy Limited (NGEL), a subsidiary of India’s prominent integrated power producer, NTPC Limited, has inked a Memorandum of Understanding (MoU) with Syama Prasad Mookerjee Port (SMPK), an autonomous body under the Ministry of Ports, Shipping & Waterways. The MoU was signed by Shri Bimal Gopalachari, Assistant General Manager (NGEL), and Shri Amit Kumar Kar, Chief Mechanical Engineer (SMPK), in the presence of Shri Mohit Bhargava, CEO (NGEL), and other senior officials from NTPC and SMPK.
NTPC stands as India’s largest Power Utility, boasting a total installed capacity exceeding 73 GW. Its wholly-owned subsidiary, NGEL, is taking bold steps towards expanding renewable energy capacity, including pioneering projects in Green Hydrogen and Energy Storage. The NTPC Group has set an ambitious target of achieving 60 GW of Renewable Energy capacity by 2032, with an already installed capacity of 3.2 GW and an impressive pipeline of over 20 GW.
This newly established partnership between NGEL and SMPK aims to propel the development of a Green Hydrogen Hub in Kolkata, further contributing to India’s transition towards a cleaner and sustainable energy landscape. Green hydrogen is considered a pivotal element in decarbonizing various sectors, including transportation and industry, and this collaboration signifies a pivotal step in harnessing its potential.
With an increasing focus on renewable energy and sustainable solutions, NTPC and its subsidiary NGEL continue to demonstrate their commitment to spearheading India’s green energy revolution. The Green Hydrogen Hub in Kolkata promises to be a significant milestone in achieving a cleaner and greener future for the region and the nation as a whole.