Yamna and NREDCAP Partner for Green Hydrogen & Ammonia Project in Andhra Pradesh
Key Ideas
- YamnaCo partners with NREDCAP in India to develop a large-scale green hydrogen and ammonia project, aligned with the National Green Hydrogen Mission.
- The project near Krishnapatnam port will have a capacity of 1 million ton per annum, catering to domestic and export markets.
- The estimated investment for the project is around $1.85 billion, creating approximately 5,500 direct and indirect jobs in Andhra Pradesh.
- The initiative is supported by international financial institutions and aims to contribute to India's decarbonization goals.
UK-based YamnaCo has signed an MoU with NREDCAP to develop a significant green hydrogen and ammonia project in Andhra Pradesh, India. The project aims to establish a phased grid-connected green ammonia facility with a capacity of up to 1 million ton per annum near Krishnapatnam port. Leveraging the state's port infrastructure, the project targets both domestic and international markets in Europe and Asia. With an estimated investment of around $1.85 billion, the initiative is expected to generate about 5,500 direct and indirect jobs in the region. The partnership aligns with India's National Green Hydrogen Mission, striving to produce 5 mtpa of green hydrogen by 2030. YamnaCo's engagement with the Indian government and international financial institutions demonstrates a positive outlook towards promoting sustainable energy solutions and supporting the country's decarbonization objectives.