NGEL, HMEL to explore energy transition through green hydrogen objectives

NTPC Green Energy Ltd. (NGEL) and HPCL Mittal Energy Ltd. (HMEL) sign a MoU; HMEL to source 250 MW Renewable Energy from NGEL.

NTPC Green Energy Limited (NGEL) and HPCL Mittal Energy Limited (HMEL) in New Delhi signed a Memorandum of Understanding (MoU) in order to realise green energy and green hydrogen objectives and the GOI’s efforts towards energy transition. In the presence of Mohit Bhargava, CEO (NGEL), and Harak Banthia, CFO (HMEL), General Managers V. V. Sivakumar and Girish Ghildiyal signed the Memorandum of Understanding.

In order to meet HMEL’s demand for 250 MW of RE-RTC (round-the-clock) electricity, the MoU anticipates working together in the field of renewable energy. It also calls for prospects to be explored in the market for green hydrogen and its derivatives (green ammonia and green methanol).

The largest power utility in India, NTPC focuses primarily on electricity generation and has a total installed capacity of 72 GW (including joint ventures and subsidiaries). A wholly owned subsidiary named “NTPC Green Energy Limited” (NGEL) has been established as part of the company’s effort to expand its portfolio of renewable energy sources. NGEL will take on renewable energy parks and projects, as well as work in the fields of green hydrogen, energy storage technologies, and round-the-clock renewable energy.

A joint venture between HPCL and Mittal Energy Investments Pvt. Ltd., an integrated refining and petrochemical company in India, is known as HPCL Mittal Energy Limited (HMEL). The Guru Gobind Singh Refinery (GGSR), with a capacity of 11.3 MMTPA in Bathinda, Punjab, is operated by HMEL and is in the business of producing premium petroleum and petrochemical products.