Coal India (CIL) plans to supply 4500 MW of carbon-free energy in a phased manner to the upcoming green ammonia facilities of AM Green. It will be through a combination of solar and wind, whose capacities CIL aims to set up on a pan-India basis, AM Green said in a statement.
A formal non-binding memorandum of understanding (MoU) for long-term supply and sourcing of renewable energy was recently signed between the two entities.
While the solar power capacity would be to the tune of 2500 MW to 3000 MW, wind is expected to account between 1500 MW and 2000 MW at an estimated total outlay of around Rs 25,000 crore. Potential sites for wind projects will be explored in the southern states, while for solar plants in states such as Gujarat and Rajasthan, it said.
AM Green will integrate the two renewable sources supplied by CIL with pumped hydro storage to ensure a steady supply of green energy to AM Green facilities.
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“While coal remains our mainstay in meeting India’s expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become country’s integrated energy provider” said PM Prasad, chairman, CIL.
AM Green promoted by the founders of Greenko aims to produce 5 million tonne per annum (MTPA) of green ammonia by 2030. This equals approximately 1 MTPA of green hydrogen and represents a fifth of country’s target for green hydrogen production under the National Green Hydrogen Mission.
“We are delighted to partner with CIL on one of the world’s largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world”, Anil Chalamalasetty, founder of Greenko Group & AM Green.
The agreement was signed by Sudarsan Bora, GM (E&M) representing CIL while his counterpart from AM Green was Shatanshu Agrawal, senior vice president, business development. PPM Prasad, chairman, CIL, Mukesh Choudhary, director (marketing), CIL and Anil Kumar, general manager (MM & solar) CIL were present during the signing.
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