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NTPC Green Energy signs pact for projects worth Rs 2 Lakh Cr in Andhra Pradesh

YourStory

YourStory · 9m ago

NTPC Green Energy signs pact for projects worth Rs 2 Lakh Cr in Andhra Pradesh

NTPC Green Energy Ltd (NGEL), the renewable energy arm of NTPC, has signed a joint venture with NREDCAP to develop renewable energy projects in Andhra Pradesh worth Rs 2 lakh crore. The collaboration aims to focus on solar and wind power, pumped storage projects, and green hydrogen. The project is expected to create over 100,000 jobs and establish Andhra Pradesh as a leader in renewable energy. NGEL recently launched its Rs 10,000 crore IPO, which was fully subscribed on the third day of the share sale.

Related News

NTPC Green Energy arm bags 300 MW solar project from NHPC

YourStory

YourStory · 7m ago

NTPC Green Energy arm bags 300 MW solar project from NHPC

NTPC Green Energy Limited (NGEL) announced that its renewable arm, NTPC Renewable Energy Limited (NTPC REL), won a 300 MW solar project from the National Hydroelectric Power Corporation (NHPC) through an e-reverse auction. The project entails setting up a solar power plant with an energy storage system of 150 MW/300 MWh at a tariff of Rs 3.09/kWh. This win follows a major agreement by NGEL to develop renewable energy projects worth Rs 2 lakh crore in Andhra Pradesh.

NGEL ties up with Andhra agency for development of green energy projects | Company Business News

Livemint

Livemint · 9m ago

NGEL ties up with Andhra agency for development of green energy projects | Company Business News

NTPC Green Energy Ltd (NGEL) has entered into a joint venture agreement with New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) for the development of green energy projects. The joint venture aims to develop 25 GW of renewable energy projects, along with green hydrogen and pumped storage projects (PSP), which will bring significant investment and job opportunities to the state. The agreement comes just before the foundation laying ceremony for NGEL's green hydrogen hub in Andhra Pradesh. NGEL is also in talks with potential buyers, including Toyo Engineering Corp., Getek AS, and Fortescue, to supply green hydrogen from the hub.

NTPC Green plans ₹30,000 cr-transmission network for AP green hydrogen hub

Livemint

Livemint · 8m ago

NTPC Green plans ₹30,000 cr-transmission network for AP green hydrogen hub

State-owned NTPC Green Energy Ltd is aiming to construct a ₹30,000 crore transmission network to power its green hydrogen hub in Andhra Pradesh. The planned network will have a capacity of 20 GW and will be separate from the national power grid. It will initially connect NTPC's proposed solar project in Anantapur to India's first hydrogen hub in Pudimadaka, both located in Andhra Pradesh. The hub aims to produce 1,500 tonnes of green hydrogen daily and discussions are underway with potential buyers and partners. The transmission network is expected to be completed by 2032, contributing to India's green energy target of 500 GW by 2030.

Andhra Pradesh CM Naidu turns heat on defaulters in green energy space

Economic Times

Economic Times · 20d ago

Andhra Pradesh CM Naidu turns heat on defaulters in green energy space

Andhra Pradesh Chief Minister N. Chandrababu Naidu's government is scrutinizing renewable energy projects worth ₹4 lakh crore, targeting developers hoarding land without progress. The crackdown involves reclaiming stalled green energy potential by canceling non-compliant projects, illustrated by recent cancellations including Sreeja Infrastructure's 328 MW wind project. This initiative, impacting 60 GW capacity, stresses accountability and aims to achieve the state's 160 GW renewable energy capacity target by 2030, urging timely project execution over land hoarding.

ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project

Inshorts · 3m ago

ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project

ReNew Power will invest ₹22,000 crore to set up India’s largest hybrid renewable energy park in Anantapur, Andhra Pradesh. Featuring solar, wind, and battery storage, the project supports India’s 2030 clean energy targets. It will generate 1.8 GW solar, 1 GW wind, and 2 GWh BESS, creating 10,000 jobs and boosting Andhra Pradesh’s green energy ambitions.

NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News

Livemint

Livemint · 8m ago

NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News

NTPC Green Energy, a subsidiary of India's largest power generation utility, is in talks with shipping company A.P. Møller – Mærsk to sell green methanol for its ships. The discussions come amid tightening marine fuel standards globally, including the European Union's Fuel Maritime Regulation. Green methanol is made by combining green hydrogen with captured carbon dioxide. Maersk has ordered dual-fuel vessels that can run on bio- or e-methanol or liquefied gas. NTPC Green Energy plans to produce a range of green molecules, including green methanol, green ammonia, and green urea, at its proposed hub in Andhra Pradesh.

Andhra eyes Rs 10 lakh Cr investment in clean energy, net zero by 2047

YourStory

YourStory · 10m ago

Andhra eyes Rs 10 lakh Cr investment in clean energy, net zero by 2047

Andhra Pradesh unveiled a new policy, AP Integrated Clean Energy (ICE) Policy, with the aim of attracting a Rs 10 lakh crore investment in the clean energy sector. The policy offers incentives for investments in solar, wind, and round-the-clock renewable energy projects. The state aims to achieve net zero carbon emissions by 2047 and plans to leverage its vast renewable energy potential, storage capabilities, long coastline, and skilled manpower. The policy includes provisions for land acquisition, power subsidies, and concessions for clean energy projects. It also aims to develop relevant skills through the establishment of a Green Energy and Circular Economy University and a Clean Energy Knowledge & Skill Development Center.

Andhra govt cancels two Adani projects at company's request

Economic Times

Economic Times · 26d ago

Andhra govt cancels two Adani projects at company's request

The Andhra Pradesh government cancelled two Adani Green Energy Ltd's pumped hydro storage power projects due to local issues. The cancellation of the 1,200 MW Kurukutti and 1,000 MW Karrivalasa projects was requested by AGEL due to boundary disputes between Andhra Pradesh and Odisha. AGEL sought to adjust funds spent on facilitation for new projects due to survey difficulties. The State Investment Promotion Board agreed to the cancellations based on the developer's request.

NGEL inks land lease agreement with AP for green hydrogen hub

Thehindubusinessline

Thehindubusinessline · 1y ago

NGEL inks land lease agreement with AP for green hydrogen hub

India's state-run NTPC's green energy arm, NGEL, has signed a land lease agreement with Andhra Pradesh to establish a green hydrogen hub. The hub, to be developed on 1,200 acres of land near Pudimadaka village in Visakhapatnam, aims to create a world-class ecosystem for green energy technologies, including hydrogen production and related industries. The project includes the construction of India's largest green hydrogen production facility, with a capacity of 1,200 tonnes per day, for the production of green ammonia and green methanol. NTPC aims to have 60 GW of renewable energy capacity by 2032.

NTPC Green Energy launches JV with Maharashtra State Power ahead of stock market debut tomorrow | Company Business News

Livemint

Livemint · 9m ago

NTPC Green Energy launches JV with Maharashtra State Power ahead of stock market debut tomorrow | Company Business News

NTPC Green Energy Limited has formed a joint venture with Maharashtra State Power Generation Company Limited to develop, operate and maintain renewable energy parks in Maharashtra. The joint venture, named Mahagenco NTPC Green Energy Private Limited, will focus on developing renewable energy projects in the state. NTPC Green Energy is a wholly-owned subsidiary of NTPC Ltd, while MAHAGENCO is owned by the Government of Maharashtra. The announcement comes ahead of the listing of NTPC Green Energy's IPO, scheduled for November 27.

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