The project, led by ONGC’s senior officials and technical experts, highlights ONGC’s capacity to deliver impactful solutions from R&D to field deployment, positioning the company as a leader in the emerging green hydrogen economy aligned with the Government of India’s National Hydrogen Mission. This innovation underscores ONGC’s unwavering commitment to decarbonization, sustainability, and building a future-ready energy landscape, where every drop of wastewater can be transformed into valuable energy, paving the way for a cleaner and greener tomorrow.

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This MoU marks a significant step towards sustainable energy and infrastructure development in India. The signing ceremony took place in the presence of Shri Jaikumar Srinivasan, Director (Finance), NTPC, Shri Shivam Srivastava, Director (Fuel), NTPC, Shri Rajeev Kumar Singhal, Director (BD), GAIL (India) Ltd along with Shri R Sarangapani, ED (BD & Consultancy) NTPC, Shri Sumit Kishore, ED (BD) GAIL and other dignitaries from NTPC and GAIL (India) Ltd.

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The MoU was exchanged between Shri R.K. Chaudhary, Chairman and Managing Director of NHPC, and Smt. Bandana Preyashi, IAS, Secretary of the Department of Industries, in the presence of distinguished dignitaries including Shri Vijay Kumar Sinha, Hon’ble Deputy Chief Minister of Bihar, Shri Bijendra Prasad Yadav, Hon’ble Minister of Energy and Planning & Development, and Shri Nitish Mishra, Hon’ble Minister of the Department of Industries and Tourism.

This landmark agreement outlines NHPC’s intent to invest Rs. 5500 crore in developing 1000 MW of Solar Energy and implementing Green Hydrogen (GH2) mobility pilot projects in Bihar. These initiatives are poised to significantly advance the state’s renewable energy objectives and contribute to India’s broader energy transition efforts.

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The handing over and signing ceremony was held at the National War Memorial at India Gate in New Delhi, in the presence of General Manoj Pande (Chief of Army Staff, S M Vaidya, Chairman, IndianOil and senior officials. General Pande said, we will be testing one of the hydrogen buses, and we thanks Indian Oil for choosing the Indian Army as their partner.”

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As a leading player in India’s energy growth, NTPC proudly accepts the responsibility to lead the transition towards a brighter, Sustainable Future. No challenge is too big and we’re committed to go the extra mile to ensure success, said CMD, NTPC.

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These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space. Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Limited, Rajasthan Renewable Energy were some of the companies with whom PFC signed the MoU. PFC is a leading financier of Energy Transition in India and these MoU highlight PFC’s commitment to consistently increase its energy transition portfolio and steer Nation’s drive of Energy Transition Goals.

The MoU assume significance in the backdrop of ongoing deliberations on energy transition under India’s G20 presidency.

PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space.

The MoU were exchanged in the presence of Smt. Parminder Chopra, Director (Finance) & CMD (Addl. Charge), PFC, Shri Rajiv Ranjan Jha, Director (Projects) and Shri Manoj Sharma, Director (Commercial) at an event held on the side lines of G20 summit in Goa.

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc.

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