NETRA, the R&D division of NTPC Limited, has partnered with Engineers India Limited for carbon capture and green hydrogen projects. This move aligns with India's larger plans for green hydrogen exports and decarbonization initiatives.
NETRA, the research and development arm of NTPC Limited, India's largest power producer, has taken a significant step towards a greener future. The organization has entered into a memorandum of understanding with consultancy firm Engineers India Limited (EIL). The collaboration aims to focus on carbon capture, storage and utilization, as well as green hydrogen production.
NTPC Limited is a major player in India's energy sector, contributing to one-fourth of the country's power needs. The company has a diverse range of power plants, including thermal, hydro, solar, and wind, with an installed capacity of over 73 GigaWatts. Besides this new partnership, NTPC is also actively involved in various other green initiatives like decarbonization and hydrogen blending.
On a broader scale, the Indian government is making strides in the global green energy market. Talks have been initiated for the potential export of green hydrogen to countries like France, Italy, and Germany. These discussions are being spearheaded by India's Ministry of External Affairs.
In addition to Western European countries, India is also setting its sights on EU nations such as the Netherlands, Austria, and Sweden for potential green hydrogen exports. These initiatives fall under Article 6.2 of the Paris Agreement, which sets the framework for accounting and transferring climate mitigation outcomes between countries.
One of the key aspects of this international collaboration involves the transfer of Internationally Transferable Mitigation Outcomes (ITMOs). These are quantified in terms of carbon credits and can be transferred from one country to another, thereby facilitating global efforts to combat climate change.
The partnership between NETRA and Engineers India Limited marks a significant milestone in India's journey toward sustainable energy and climate change mitigation. Along with domestic efforts, the Indian government is also exploring international avenues for green energy exports. These combined efforts are setting the stage for India to be a significant player in the global green energy landscape.