Coal India Signs Green Power Agreement for Ammonia Facilities
Key Ideas
- Coal India partners with AM Green Ammonia to provide 4,500 MW of green power for ammonia production, advancing India's energy sector towards sustainability.
- The agreement includes a mix of 2,500-3,000 MW of solar power and 1,500-2,000 MW of wind power, with a total investment of Rs 25,000 crores.
- AM Green plans to utilize the renewable energy sources supplied by CIL, combined with pumped hydro storage, to ensure a stable green energy supply to their facilities.
- The partnership aims to produce 5 million tons of green ammonia annually by 2030, contributing significantly to India's green hydrogen production targets.
Coal India Ltd (CIL) has recently signed an agreement with AM Green Ammonia (India) Pvt Ltd to supply approximately 4,500 MW of green power to the latter's ammonia facilities, marking a significant shift towards sustainable energy practices in India. The power will be generated through a combination of solar and wind energy sources, with an estimated investment of around Rs 25,000 crores. The partnership aims to explore potential sites for wind power projects in South India and for solar plants in states like Gujarat and Rajasthan. AM Green plans to integrate these renewable sources with pumped hydro storage to ensure a consistent green energy supply. This initiative aligns with Coal India's commitment to play a role in building a greener and more sustainable future for the country's energy needs. AM Green, backed by the founders of Greenko, targets to produce 5 million tons of green ammonia annually by 2030, which corresponds to about one MTPA of green hydrogen, supporting India's National Green Hydrogen Mission goals. The partners aim to establish one of the world's largest carbon-free renewable energy supply contracts, focusing on becoming competitive producers of green hydrogen, green ammonia, and other green molecules globally. This collaboration signifies a positive step towards reducing carbon emissions and promoting renewable energy adoption in the Indian energy sector.