NTPC Subsidiary Signs MoU with Indian Army for Green Projects: Know More

  • Investing.com
NTPC Subsidiary Signs MoU with Indian Army for Green Projects: Know More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- India’s largest energy conglomerate NTPC (NS: NTPC ) announced on Tuesday that NTPC Renewable Energy (NTPC REL) has signed a memorandum of understanding (MoU) with the Indian Army.

NTPC Renewable Energy is a step-down subsidiary of NTPC, and the MoU signed with the Indian Army is aimed at implementing green hydrogen projects in army establishments on a Build, Own and Operate (BOO) model.

Through this partnership, Indian Army looks to reduce complex logistics for the generation of power and heat, dependence on fossil fuels and accelerate decarbonization, falling in line with the Prime Minister’s vision of ‘PANCHAMRIT’ and carbon neutral Ladakh.

As per the details of the MoU, there will be a joint identification of potential sites in army establishments for setting up green hydrogen projects to supply electricity in a phased manner.

“The MoU signals an advanced approach for modernization by Indian Army and NTPC’s commitment to serve the nation and assist its decarbonization goals. This agreement is a first of its kind and ushers in a new era of border security backed with energy security for the lines of defence of the country,” said NTPC on March 21.

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