India’s largest thermal power producer, the government-run NTPC Limited, is developing a green hydrogen hub entailing an investment of $21 billion, a company statement said on Tuesday, January 7.
NTPC Green Energy Limited, a subsidiary of NTPC Limited, will develop the hub at Pudimadaka near the southern port town of Vishakhapatnam.
The investment will include 20 gigawatts of renewable energy capacity to produce 1,500 mt per day of green hydrogen. Additionally, the site will produce 7,500 mt per day of derivatives including green methanol, green urea and sustainable aviation fuel, primarily targeting the export market, the statement said.
Once a site for an imported coal-fired power station, Pudimadaka is being converted into a clean energy hub, a sign of NTPC’s increasing tilt towards clean energy.
The NTPC Limited project is part of India’s government National Green Hydrogen Mission aiming to produce 5 million mt a year by 2030 from almost zero currently, under a strategy to decarbonize heavy industries - including refineries and steel mills - and to become a major supplier of the fuel to global markets.