NETRA, the research and development (R&D) arm of NTPC Limited, India’s largest power producer, has signed a memorandum of understanding (MoU) with consultancy firm Engineers India Limited (EIL) for collaboration on carbon capture, storage and utilization and green hydrogen, a joint statement of the companies said on Thursday, October 26.
NTPC Ltd is India’s largest integrated power utility, meeting one-fourth of the power requirement of the country. It has an installed capacity of more than 73 GigaWatts (GW) across a diverse portfolio of thermal, hydro, solar, and wind power plants. It is also taking up several other initiatives toward decarbonization, hydrogen blending and carbon capture.
Meanwhile, in a related development the Indian government has initiated talks on possible export of green hydrogen to France, Italy and Germany. The government is forwarding the proposals through its ministry of external affairs.
India is also targeting EU nations such as the Netherlands, Austria and Sweden for its green hydrogen exports.
Exports are sought under Article 6.2 of the Paris Agreement. This provision of the agreement is not directly about markets but creates a framework on how to account for transfers between parties and on what conditions need to be met. These internationally transferable climate change mitigation outcomes can be a result of any mitigation approach.
The provisions of the agreement will allow the transfer of Internationally Transferable Mitigation Outcomes (ITMOs) - quantified in terms of carbon credits - from one country to another.