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NTPC and NGEL ink MoUs with Rajasthan Rajya Vidyut Utpadan Nigam for Green Hydrogen projects

NTPC and NGEL have signed separate non-binding Memoranda of Understanding (MoUs) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) which aims to explore opportunities to incorporate supercritical units into the existing Chhabra Thermal Power Plant, along with measures to enhance efficiency and reduce generation costs of the plant’s existing units.

Additionally, the MoU includes undertaking a 15 to 20-year annuity-based Renovation and Modernization (R&M) of RVUNL’s old thermal units by NTPC or its affiliates. The signing ceremony saw Shri R Sarangapani, Executive Director, BD, IBD & Consultancy, NTPC, and Shri Devender Shringi, Chairman and Managing Director, RVUNL, penning the agreement.

The MoU between NGEL and RVUNL focuses on developing Renewable Energy Projects and Green Hydrogen Derivatives up to capacities of 25 GW and 1 million tons, respectively, in the State of Rajasthan. Signed by Shri Rajiv Gupta, Chief Executive Officer, NGEL, and Shri Devender Shringi, Chairman and Managing Director, RVUNL, this agreement aims to foster renewable energy growth in the region.

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