NTPC Green Energy Limited (NGEL) signed a Memorandum of Understanding (MoU) with HPCL Mittal Energy Limited (HMEL). The MoU envisages collaboration in the field of renewable energy through sourcing of 250 MW renewable energy round the clock (RTC) to meet the power requirements of HMEL. It further aims to explore opportunities in the green hydrogen business and its derivatives like green ammonia and green methanol.
HMEL is a joint venture between HPCL and Mittal Energy Investments Private Limited which is an integrated refining and petrochemical company in India. HMEL is engaged in the business of superior petroleum and petrochemical products and operates the Guru Gobind Singh Refinery with 11.3 MMTPA capacity at Bathinda, Punjab.
Recently, NTPC announced a feasibility assessment for a 130 MW floating solar power facility in Tripura’s Gomati district. The plant to be assessed is based in the state’s Dumbur Lake. According to the notification, the state government of Tripura has inked a Memorandum of Understanding (MoU) with NTPC Renewable Energy Limited (NTPC REL) to construct floating solar and ground-mounted based renewable energy projects in Tripura.
Also, in April 2023, Tata Power Delhi Distribution Limited (Tata Power-DDL) signed its first medium-term hydropower PPA (Power Purchase Agreement) with NTPC Vidyut Vyapar Nigam Limited (NVVNL) to meet the projected peak demand. Corresponding to the agreement, NVVNL will supply power to Tata Power-DDL for the next five years during the summer months of May 2023 to September 2023 beginning from May 1,2023. The collaboration will help Tata Power-DDL expand its green portfolio.