Gujrat : Indian utility to invest $858m into green hydrogen and ammonia facility
Torrent Power has proposed a ₹72 billion ($858 million) investment to establish a green hydrogen and ammonia facility in Gujarat, producing 100,000 tonnes of ammonia annually in its first phase, which requires 18,000 tonnes of hydrogen as feedstock. Additionally, the company plans to invest ₹570 billion ($6.8 billion) to develop 10GW of new renewable energy capacity by 2030. The project aligns with India’s green hydrogen mission, receiving subsidies for hydrogen production from the country’s first green-hydrogen auction.
Indian utility Torrent Power has submitted documents to the country’s government outlining plans for a72bn-rupee ($858m) investment into a green hydrogen and ammonia facility in Gujarat state, as well as 570 billion rupees ($6.8bn) towards 10GW of new renewables by 2030.
The company plans to build a plant capable of producing 100,000 tonnes of NH3 per year in its first phase, implying 18,000 tonnes a year of H2 a year as feedstock for the chemical.
At the beginning of this year, Torrent Power had been awarded subsidies over three years for this exact annual hydrogen production capacity from India’s first auction for green-hydrogen incentives.
Source Link : https://www.hydrogeninsight.com/production/indian-utility-to-invest-858m-into-green-hydrogen-and-ammonia-facility/2-1-1710114
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