NTPC Plans Green Hydrogen Plant in Greater Noida; Shares Trade Flat

Shares of NTPC Ltd. are trading flat after touching a day’s high of Rs 326.65 on 24th December. This is despite the company announcing on Tuesday, 23rd December, its plan to set up a 1-tonne-per-day green hydrogen project at Greater Noida, Uttar Pradesh.

The project will be developed by NTPC Energy Technology Research Alliance (NETRA), NTPC’s Research & Development wing. NETRA will set up a plasma gasification-based green hydrogen plant on its Greater Noida campus.

The plant is designed to produce 1 tonne of green hydrogen per day. Using advanced plasma gasification technology, waste will be converted into tar-free syngas. This syngas will then be processed into hydrogen using PSA/membrane technology.

NTPC, under the Ministry of Power, currently contributes one-fourth of India’s power supply and has an installed capacity of over 85 GW. Another 30.90 GW is under construction, including 13.3 GW of renewable energy.

The company aims to reach 149 GW of capacity by 2032, including 60 GW of renewable energy. It plans to expand its total capacity to 244 GW by 2037.

At 1:04 PM, shares of NTPC were trading 0.40% higher at Rs 324.55 on NSE.

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