UK-based green hydrogen and ammonia producer YamnaCo (Yamna) has signed a memorandum of understanding (MoU) with New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to develop a large-scale green hydrogen and ammonia project in the state of Andhra Pradesh in India.
Under the MoU concluded on July 18, Yamna will collaborate with the Government of Andhra Pradesh to develop a phased grid-connected green ammonia project with a planned capacity of up to 1 million ton per annum (mtpa) near the port of Krishnapatnam.
The proposed project is envisioned to serve both domestic and export markets, leveraging the state’s port infrastructure to access global demand centres in Europe and Asia. Several leading international financial institutions have already expressed interest in supporting the initiative, Yamna said.
The estimated investment for the project is approximately INR 160 billion (around $1.85 billion), and it is expected to create around 5,500 direct and indirect jobs in the region.
“The state’s rich renewable energy potential, progressive policy framework, and strategic location make it an ideal destination for green hydrogen development,” Shailendra Bebortha , County Head (India) of Yamna, commented.
“We thank NERDCAP, AP EDB & AP IIC and other government departments for their active cooperation for the initiative, This project will not only support India’s decarbonization goals but will also position Andhra Pradesh as a key player in the global green hydrogen economy.”
Yamna’s project in India also aligns with the country’s National Green Hydrogen Mission, which aims to produce 5 mtpa of green hydrogen by 2030.