India’s NTPC Renewable Energy Limited will supply 1300Mw (1.3 GW) of clean power to Greenko’s green ammonia plant under construction at Kakinada, Andhra Pradeshg.
The energy company is the wholly owned subsidiary of state-run NTPC Limited. On Tuesday (28 March), NTPC signed a term sheet agreement with Greenko ZeroC Pvt Ltd, the green molecule production arm of Hyderabad-based Greenko Group.
Greenko plans to export the green ammonia generated to the European market. Uniper SE, the German energy company, is in talks with Greenko to take 250,000 tonnes of green ammonia annually.
The signatories to the term sheet included Rajiv Gupta, Chief General Manager, NTPC Renewable Energy, and Mahesh Kolli, Founder and Joint MD, Greenko Group. In a statement, an NTPC spokesperson said, “The agreement between the two companies is one of the world’s single largest contracts for the supply of round-the-clock renewable energy for an industrial client.”
... to continue reading you must be subscribed
