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SJVN, AM Ammonia in partnership for supply of renewable energy | Raghav’s Value Investing

SJVN, AM Ammonia in partnership for supply of renewable energy

SJVN, through its wholly-owned subsidiary SJVN Green Energy (SGEL) has signed a (MoU) with AM Green Ammonia (India) for renewable energy supply for the latter's green ammonia plants in Andhra Pradesh. AM Ammonia (India), a company under Greenko Group is developing one of the world’s largest green ammonia platforms at Kakinada. The platforms will be developed in two phases starting with a capacity of one million tonne per annum (MTPA), and ramping capacity to five MTPA by 2030,
Under the MoU, the parties have agreed for supply/sourcing of renewable energy on a long-term basis for these green ammonia plants on a mutually agreed terms and conditions. As part of this partnership, SGEL will explore setting-up of 4,500 MW RE projects in India, including 2,500-3,000 MW of solar projects, and 1,500-2,000 MW of wind projects over three phases for a supply of about 11,500 million units on annual basis.
Source: Project Today