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New Delhi: Residence-grown renewable vitality participant GreenZo Vitality will arrange inexperienced hydrogen capacities totalling 50 megawatt (MW) at numerous areas in Nepal. The capacities will likely be arrange for Nepal’s API Energy which can make investments Rs 1,000 crore within the undertaking, GeenZo mentioned in a press release on Monday.
GreenZo Vitality has signed a Memorandum of Understanding (MoU) with API Energy to develop 50-MW inexperienced hydrogen vegetation that may generate 4,000-MT hydrogen yearly, inside a span of three years, in Nepal, it mentioned.
Beneath the settlement, API Energy has proposed websites of present hydro and photo voltaic tasks for use for the hydrogen initiative.
The pilot hydro undertaking of 1-MW, as agreed by each the businesses, will take off at 8.5 MW Naugarh Gad Hydroelectric Challenge, the assertion mentioned.
Sanjeev Neupane, Managing Director, API Energy Firm Ltd, mentioned, “Nepal is wealthy in hydropower with 20,000 MW of tasks underneath growth and the seasonal nature of sources from the huge community of rivers necessitates hydrogen storage.”
Shreya Agarwal, Lead Technique and Operations of GreenZo Vitality, the MoU will come into impact from July 18, 2022 and can stay lively until the completion of the proposed tasks by 2025.
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