In order to realize green energy and green hydrogen objectives and the GoI’s efforts towards energy transition, a Memorandum of Understanding (MoU) was signed between NTPC Green Energy (NGEL) and HPCL Mittal Energy (HMEL) at Noida. The MoU was signed by V V Sivakumar, GM (NGEL) and Girish Ghildiyal, GM (HMEL) in the presence of Mohit Bhargava, CEO(NGEL) and Harak Banthia, CFO (HMEL).
The MoU envisages to collaborate in the field of Renewable Energy through sourcing of 250 MW RE-RTC (Round-The-Clock) power to meet the requirement of HMEL and also exploring opportunities in the Green Hydrogen business & its derivatives (Green Ammonia & Green Methanol).
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