Gensol Engineering Limited leads as lowest bidder for NHPC’s Kargil Green Hydrogen Mobility Station EPC Project

Ahmedabad : Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL), a frontrunner in the renewable energy and electric mobility sectors, has been identified as the lowest bidder for Engineering, Procurement and Commissioning (EPC) contract for a groundbreaking green hydrogenbased mobility station in Kargil, Ladakh. Gensol has secured this project by demonstrating the technocommercial competency in collaboration with Matrix Gas & Renewables Ltd. (Matrix). This notable project, to be commissioned by the National Hydroelectric Power Corporation Ltd. (NHPC), is aimed at operating buses powered by hydrogen fuel cells within the region. This initiative is in line with the government’s ambitious targets for green hydrogen energy. Gensol is set to develop a 500-kW grid-connected, ground-mounted solar power project that will provide energy to the hydrogen refueling station. Matrix, India’s most rapidly expanding natural gas aggregator and hydrogen infrastructure developer, will oversee the Engineering, Procurement, and Commissioning of dual electrolysers, each with a capacity of 30 NM3. The scope of work includes the entire balance of plant EPC encompassing the green hydrogen system installation, storage, and dispensing facilities, in addition to the requisite civil and electrical infrastructure for the integrated solar and hydrogen operation in Ladakh. This pioneering project, unprecedented in India, spans the complete green hydrogen supply chain. Gensol pledges to execute the project for NHPC, ensuring a minimum green hydrogen purity of 99.97%, with the project slated for completion within 12 months from the issuance of the work order. The NHPC project win is poised to strengthen Gensol’s and Matrix’s market standing, enhance their technical prowess, and open new avenues for growth and collaboration in the renewable energy sector. Gensol & Matrix are both companies promoted by common promoters and will continue to collaborate in the Green Hydrogen domain taking benefit of the skill sets of each entity. Mr. Ali Imran Naqvi, CEO-BD & Project Management, Gensol Engineering Ltd., commented, “Our collaboration with a state-operated entity such as NHPC bolsters Gensol’s stature and trustworthiness in the industry, creating avenues for additional opportunities and alliances in the green hydrogen sector. The NHPC project win is set to strengthen Gensol’s market position, elevate our technical capabilities, and pave the way for growth and collaboration in the renewable energy sector.”