NTPC Renewable Energy Limited (NTPC REL) signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL).
The MoU aims at synthesizing 75 Tons Per Day (TPD) of Green Methanol and 35 TPD of Green Ammonia for captive use for the production of various chemicals by GACL.
NTPC Renewable Energy Limited (NTPC REL) signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) in New Delhi on Wednesday (7 July) to collaborate in the field of Renewable Energy, Green Methanol and Green Ammonia.
The MoU envisages mutually exploring the opportunities for the supply of 100 MW RE-RTC (Round The Clock) power.
It also aims at synthesizing 75 Tons Per Day (TPD) of Green Methanol and 35 TPD of Green Ammonia for captive use for the production of various chemicals by GACL at its Vadodara and Dahej complex in Gujarat.
This project would be the country’s first commercial-scale Green ammonia and Green methanol project.
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 per cent subsidiary of NTPC, was incorporated in October 2020 to take care of the RE business of NTPC.
This development comes in the backdrop of NTPC announcing its green hydrogen initiatives. It plans to build the country’s first pilot projects for synthesizing green methanol, setting up green hydrogen filling stations, green hydrogen blending into PNG, and green energy storage projects.
NTPC is India’s largest Power Utility, and its core business is power generation, with a total installed capacity of 69,000 MW (including JVs and subsidiaries).
To increase its renewable energy portfolio, a wholly-owned subsidiary NTPC REL was formed on 7 October 2020, 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.
GACL, incorporated in March 1973, is a state-owned chemical manufacturing unit. GACL is one of India’s largest producers of caustic soda, with a production capacity of over 1,400 TPD at their two complexes in Dahej and Vadodara.
GACL has its subsidiary company viz. GACL – NALCO Alkalies and Chemicals Pvt Ltd. (GNAL) is putting up an 800 TPD caustic soda plant together with a 130 MW Thermal Power Plant (coal-based) at Dahej.