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Power Ministry works on Maharashtra’s Five-Year Green Plan
NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with Maharashtra Government for Rs.80,000 crore development of Green Hydrogen and derivatives (Green Ammonia, Green Methanol) of up to one-million-ton capacity per annum, including Pumped Storage Projects of 2 GW and development of renewable energy projects with or without storage up to 5 GW in the state.
The MoU is a part of Maharashtra’s Five-Year Green Investment Plan, the Power Ministry said on 30 Jan 2024.
The MoU was exchanged on 29 Jan 2024 between Chief Executive Officer, NGEL, Mohit Bhargava and Deputy Secretary (Energy), Government of Maharashtra, Narayan Karad, in the presence of Chief Minister of Maharashtra Eknath Shinde, Deputy Chief Minister of Maharashtra Devendra Fadnavis and other senior officials.
NTPC is progressing with projects to build renewable energy capacity of 60 GW by 2032.
NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPC’s Renewable Energy journey with an operational capacity of over 3.4 GW and 26 GW in pipeline including 7 GW under implementation. Fiinews.com
