Prime Minister Narendra Modi today laid the foundation stone for a green hydrogen hub project at Pudimadaka near Visakhapatnam in Andhra Pradesh. He laid the foundation stone virtually from Visakhapatnam.
The project is being developed jointly by NTPC Green Energy Ltd (NGEL), the renewable arm of NTPC Ltd, and NREDCAP, the renewable arm of the Govt of Andhra Pradesh, and is the first green hydrogen hub under the National Green Hydrogen Mission.
Under National Green Hydrogen Mission, regions capable of supporting large-scale production and/or utilization of hydrogen are to be identified and developed as Green Hydrogen Hubs. Development of green hydrogen projects in an integrated manner will allow pooling of resources and achievement of scale.
NGEL and New & Renewable Energy Development Corp. of AP Ltd. (NREDCAP) have already signed JV agreement for development of 20 GW RE projects, 1,500 tpd of green hydrogen and 7,500 tpd of green hydrogen derivatives (including green methanol, green urea and sustainable aviation fuel), making it one of India’s largest integrated green hydrogen production facilities.
The project is expected to bring around INR 185,000 crore investment to the state and provide huge employment opportunities while at the same time contributing substantially in achieving India’s non-fossil energy capacity target of 500 GW by 2030.
NGEL has also signed a similar MoU with Govt of Rajasthan for development of 25 GW of renewable energy projects in the state of Rajasthan. It is also exploring similar kind of collaborations with other state governments.
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