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NTPC Renewable Energy Limited (NTPC REL) has announced signing of 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 meant to make the economy carbon-neutral.
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The official statement of the central PSU held that the pact was signed by Harshad R Patel, Managing Director, GACL, and Mohit Bhargava, CEO, NTPC REL.
The agreement envisages collaborating in the field of Renewable Energy, Green Methanol & 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 renewable energy capacity development and has been credited for bringing the lowest ever solar tariff in India. NTPC REL is a 100 per cent subsidiary of NTPC was incorporated to take care of the RE business of NTPC.
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The present signing of the agreement with GACL 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 project.
This would be the first commercial-scale Green ammonia and Green methanol project in the country and would align with the vision laid out by the Prime Minister for Atmanirbhar Bharat.
The NTPC subsidiary was formed in 2020 to take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies and Round the Clock RE Power.
Gujarat Alkalies and Chemicals Limited (GACL), is also a state-run chemical manufacturing company which claims to be one of the largest producers of Caustic Soda in India. It has a production capacity of over 1400 TPD at its two complexes in Dahej and Vadodara.
