NTPC signs land lease pact to set up India’s largest Green Hydrogen Hub in Visakhapatnam

Unnati More Feb 23, 2024 0

NTPC Green Energy Ltd (NGEL), on Thursday, February 22, signed a land lease agreement with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the development of its proposed integrated green hydrogen hub in Pudimadaka village. The Detailed Project Report (DPR) for the 1200-acre facility is currently being prepared.

The facility is envisaged to be India’s largest green hydrogen production facility. It will be developed in a phased manner with phase I anticipated to be completed in 2026. NGEL will invest an estimated INR 1.1 Lakh-Crore in this project that will feature a world-class ecosystem for technologies such as electrolyser and fuel cell manufacturing, related ancillary industries, start-ups, incubation, and testing facilities, alongside the production of green hydrogen and derivatives (green ammonia and green methanol).

Also Read: Top Power Companies In India

The upcoming project will also feature pre-engineered buildings, sheds with solar rooftops, industrial spaces, and central business districts. NTPC has set a target to achieve 60 GW of RE (renewable energy) capacity by 2032, demonstrating its commitment to the state’s and India’s decarbonisation objectives.

Biltrax Construction Data is tracking 29,000+ projects on their technology platform for their clients.

Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.

Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.

Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.


Leave a Reply

Your email address will not be published.