NTPC, Gujarat Gas Ink Pact For Blending Green Hydrogen With Piped Gas

State-run power giant has inked a pact with Ltd for an initiative to blend green with the piped natural gas (PNG) supplied by the latter.

Green will be produced by using electricity from the existing 1 MW floating solar project of Kawas. This will be blended with PNG in a pre-determined proportion and will be used for cooking applications in Kawas Township, a company statement said.

This first-of-its-kind project in the country is a step towards the decarbonisation of the cooking sector and self-sufficiency for energy requirements of the nation, it added.

"With the continued focus on clean environment, NTPC has taken up an initiative of blending of green in Piped Natural Gas (PNG) network of GGL ( Ltd) at NTPC Kawas," it said.

The formal agreement between the two was signed on Tuesday in the presence of Mohit Bhargava, CEO, NTPC REL and ED RE, NTPC, and Sanjeev Kumar, MD, GGL and GSPL.

Initially the percentage of hydrogen blending in the PNG shall be around 5 per cent and after successful completion it shall be further increased, the statement added.

NTPC is the premier energy utility of the country with an installed capacity of 69 GW, with a diversified fuel mix. The NTPC group plans to achieve 60 GW of renewable energy (RE) in a decade and is executing several pilot projects in the green hydrogen space.

GGL is India's largest city gas distribution (CGD) company and has presence across 43 districts in six states and one union territory.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more