Taking a step towards a hydrogen economy, state-run power generator NTPC is planning to set up India’s first green hydrogen mobility project in Ladakh. In this regard, NTPC via its 100 per cent subsidiary, NTPC REL, signed a Memorandum of Understanding (MoU) with the Union Territory of Ladakh.
July 13, 2021. By Manu Tayal
Taking a step towards a hydrogen economy, state-run power generator NTPC is planning to set up India’s first green hydrogen mobility project in Ladakh.
In this regard, NTPC via its 100 per cent subsidiary, NTPC REL, signed a Memorandum of Understanding (MoU) with the Union Territory of Ladakh.
In line with Prime Minister’s vision of a ‘carbon neutral’ Ladakh, the move will enable NTPC to help Ladakh develop a carbon free economy based on renewable sources and green hydrogen.
Further, the signing of the MoU was also marked with the inauguration of the company’s first solar installations in Leh in form of solar trees and a solar car port.
The MoU was signed in the presence of Lt. Governer R K Mathur, senior dignitaries of government, NTPC and public representatives.
During the occasion, LG R K Mathur mentioned that he would like Ladakh to become a hydrogen state and is happy to partner with NTPC to achieve this long term goal.
To begin with, NTPC has planned to ply 5 hydrogen buses in the region and will be setting up a solar plant and a green hydrogen generation unit in Leh towards this end.
The move will make Leh as the first city in India to implement a green hydrogen based mobility project, and would be zero emission mobility in true sense.
Moreover, the company has been aggressively pushing for greening its portfolio and green hydrogen project is another step towards achieving low carbon footprint. It has also been promoting usage of green hydrogen based solutions in sectors like mobility, energy, chemical, fertilizer, steel etc.
Meanwhile, the company has also recently revised its target of achieving 60GW of renewables capacity by 2032, almost doubling the earlier target.
Recently, it has commissioned the country’s largest floating solar project of 10 MW at Vishakhapatnam.
Demand and Willingness to Pay More for High Integrity Credits has Increased in the Market