NGEL Partners with Maharashtra Govt. to develop Green Hydrogen NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, and the Government of Maharashtra have signed a Memorandum of Understanding ( MoU ) for the development of Green Hydrogen and its derivatives projects, including Green Ammonia & Green Methanol. i. The projects with a capacity of up to 1 million tons per annum will be developed at an investment of around Rs 80000 crores. ii. The MoU also includes Pumped Storage Projects of 2 GigaWatt (GW) and the development of renewable energy projects with or without storage of up to 5 GW in Maharashtra. Signatories: The MoU was signed by Mohit Bhargava, Chief Executive Officer (CEO) of NGEL in the presence of Eknath Shinde, Chief Minister (CM) of Maharashtra. Note: This is a part of the Government of Maharashtra's Green Investment Plan for next 5 years.