India’s energy firm Avaada Group has signed a deal with the Government of Rajasthan for a green ammonia facility with a production capacity of one million tonnes per annum.
Avaada signed a memorandum of understanding with the Department of Industries and Commerce, Government of Rajasthan, on 24 August to set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan.
The MoU signed as part of the Investment promotion strategy for the Investment Rajasthan Summit held in New Delhi proposes an investment of Rs 40,000 crore ($4,996,220).
Calling the collaboration a game changer for India’s green push, Vineet Mittal , chair of Avaada Group, said: “Green energy transition is vital to the country’s Atmanirbharta and will pave the way towards net zero goals. Aligning with the nation’s vision of self-reliance, at Avaada, we aim to make India energy independent by focusing on green energy security.”
“We are grateful to the Government of Rajasthan for this partnership. It will help strengthen India’s green energy revolution, led by Hon’ble Prime Minister Narendra Modi, as we make significant investments in innovative clean energy solutions to support the country’s exponential growth in the renewable energy sector,” he added.
Elaborating on clean energy technology, Mittal further explained that the biggest advantage of green hydrogen is that it burns clean, leaving only water vapor behind.
“For industries that require high-temperature heat, such as foundries and glass and steelmakers, this could be ground-breaking as it will not only replace fossil fuels with renewable sources but also produce green ammonia and a substitute for gas.”