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NTPC’s Green Energy Unit to Build $21bn Green Hydrogen Hub

The clean energy unit of NTPC Ltd., India’s largest thermal power producer, is developing a green hydrogen hub at an estimated cost of Rs 1.8 trillion ($21 billion) as the country seeks to add more carbon-free fuel to meet its needs.
 

NTPC Green Energy Ltd. is developing the project at Pudimadaka, near the city of Visakhapatnam, in the southern state of Andhra Pradesh. This is the first such project under India’s National Green Hydrogen Mission, a government statement said Monday.
 

Prime Minister Narendra Modi will lay the foundation stone for the project on Jan. 8, the statement said. Green hydrogen is produced by using renewable energy to split hydrogen and oxygen atoms in water.
 

India aims to lift green hydrogen production to 5 million tons a year by 2030 from almost zero currently under a strategy to decarbonize heavy industries — including refineries and steel mills — and to become a major supplier of the fuel to global markets. The goal is being championed by state energy giants, such as NTPC as well as billionaires Gautam Adani and Mukesh Ambani.

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