PTC India Limited and Greenstat Hydrogen India Pvt. Ltd. (a subsidiary of Norwegian Energy Company Greenstat ASA) have entered into a Memorandum of Understanding (MoU) with the purpose of “Joint Development of Green Hydrogen Solutions for Indian power market beneficiaries”.
Under this MoU, both PTC and Greenstat will jointly work towards development of Green Hydrogen projects in India. The areas of development shall include Feasibility studies and/ or Project Management Services for Green Hydrogen Solutions to potential beneficiaries in India. Both PTC and GHIPL will also work towards identifying opportunities for development of a Centre of Excellence for facilitation of Green Hydrogen in India.
“Green Hydrogen has huge potential to meet the future energy demand sustainably and also support the transition to Net Zero economy. Under this association, PTC and Greenstat would play an important role in adoption of Green Hydrogen in India”, Dr. Rajib Kr. Mishra, CMD, PTC India said.
PTC India Ltd., a Government of India initiative, is the pioneer in starting a power market in India. The Company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.
The trading activities undertaken by PTC include long term trading of power generated from large power projects including renewables as well as short term trading arising as a result of supply and demand mismatches, which inevitably occur in various regions of the country.
No comments:
Post a Comment