The MoU, valid for two years, was inked in New Delhi by ONGC Director Onshore Anurag Sharma and Greenko CEO and Managing Director Anil Kumar Chalamalasetty.
Greenko is one of India’s leading renewable energy Companies.
The MoU, valid for two years, was inked in New Delhi by ONGC Director Onshore Anurag Sharma and Greenko CEO and Managing Director Anil Kumar Chalamalasetty.
The MoU is in line with the government’sNational Hydrogen Missionaimed at making India a global green hydrogen hub, the companies said in a press statement.
The activities envisaged under this MoU will contribute toward India’s target of producing 5 million tonnes of Green hydrogen per annum by 2030. This MoU will also act as a stepping stone for ONGC to achieve renewable energy targets as per its Energy Strategy 2040, the company said.
ONGC said, as the share of renewables in the energy mix is rising driven by cost competitiveness, climate change awareness and strong regulatory push, ONGC aims to meet its objectives such as de-risking of portfolio against long term disruptions and reducing carbon footprint by moving into renewables space.
