Api Power Company and New Delhi-based GreenZo Energy have signed a memorandum of understanding to develop green hydrogen plants of capacity totalling 50MW in different parts of Nepal.
According to Indian media reports, Api Power will be investing Rs16 billion in the projects. The company has proposed to build hydrogen projects at its existing sites of hydro and solar projects at locations including Bardeghat, Chanauta, Kawasoti, Dhalkebar, Parwanipur, Simara and Chandranigahpur.
These projects are scheduled to be installed within a span of three years or by 2025 and can generate 4,000 tonnes of hydrogen annually, according to the reports.
“The work on establishing the hydrogen plant will begin in 2023,” Guru Neupane, founder of Api Power, told the Post.
He said that they aim to produce hydrogen which could be used in various industries including cement and ice cream making.
“We also plan to set up a fertiliser plant in Nepal for which hydrogen is needed substantially while nitrogen is taken from the air,” he added.
The plant, according to Neupane, is the first of its kind in Nepal which will fracture water into hydrogen and oxygen and hydrogen will be collected. “We will use surplus electricity from power plants,” he added. “We are excited and looking forward to working on a common dream to decarbonise the planet,” said Shreya Agarwal, who leads the Strategy and Operations part of GreenZo Energy.
