Sunday, August 7, 2022

NTPC REL & GACL to collaborate in renewable energy and green chemicals

NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) have signed an MoU to collaborate in renewable energy and synthesizing green chemicals

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New Delhi: To realize green energy and green hydrogen objectives and the government’s efforts toward a carbon-neutrality economy, a memorandum of understanding (MoU) was signed between NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) on Wednesday at New Delhi. The MoU has been signed by GACL’s Managing Director Harshad R Patel (IAS) and NTPC REL’s Chief Executive Officer Mohit Bhargava.

The MoU envisages collaborating in the field of renewable energy, green methanol and green ammonia and mutually exploring the opportunities for the supply of 100 MW RE-RTC (Round The Clock) power and synthesizing 75 TPD Green Methanol and 35 TPD Green Ammonia for captive use for the production of various chemicals by GACL at its Vadodara and Dahej complex in Gujarat.

NTPC Limited, has been at the forefront of renewable energy (RE) capacity development and has been credited for bringing the lowest ever solar tariff in the country. NTPC REL, a 100 percent subsidiary of NTPC was incorporated in October 2020 to take care the RE business of NTPC. This development comes in the backdrop of NTPC announcing its green hydrogen initiatives and plan to build the country’s first pilot projects for synthesizing green methanol, setting up green hydrogen filling station, green hydrogen blending into PNG and green energy storage projects.

This would be the first commercial-scale green ammonia and green methanol project in the country and align with the vision laid out by the PM for Atmanirbhar Bharat.

NTPC is India’s largest Power Utility and its core business is generation with a total installed capacity of 69 GW (including JVs and subsidiaries). As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed on October 7, 2020, known as “NTPC Renewable Energy Limited” (NTPC REL) which shall take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies and Round the Clock RE Power.

Gujarat Alkalies and Chemicals Limited (GACL), incorporated in Mar 1973, is a state-owned chemical manufacturing unit. GACL is one of the largest producers of Caustic Soda in India, with a production capacity of over 1400 TPD at their two complexes eg. Dahej and Vadodara. GACL has also its subsidiary company viz. GACL-NALCO Alkalies and Chemicals Pvt. Ltd. (GNAL) putting up an 800 TPD Caustic Soda Plant together with 130 MW Thermal Power Plant (coal-based) at Dahej.

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