- ALSO READ
Jakson Group bags 121 MW solar project from Amplus Solar in Rajasthan
Amplus Solar to set up 200 MWp wind, solar hybrid project at Tuticorin
Welspun One Logistics Parks launches second fund of Rs 2,000 crore
NCP president Sharad Pawar admitted to hospital after feeling uneasy
Welspun One Logistics Parks Fund 1 commits Rs 500 crore warehousing AIF
-
Amplus Solar on Tuesday said it aims to set up 7.5 KPTA-distributed green hydrogen plants in Andhra Pradesh with an estimated investment of Rs 1,500 crore.
To materialise its plans, the company has also entered into an agreement with the Andhra Pradesh government to set up various distributed green hydrogen plants in the state, Amplus Solar said in a statement.
The company aims to set up 7.5 KPTA (kilo tonne per annum)-distributed green hydrogen plants for industrial consumption in Andhra Pradesh with an investment of Rs 1,500 crore. It has also entered into an agreement with the state government to set up multiple decentralised green hydrogen.
Sharad Pungalia, MD and CEO of Amplus Solar, said, "We look to be a key contributor in achieving India's goal of being the global green hydrogen hub. This MoU (memorandum of understanding) is our first step in active participation in the sector's growth."
Andhra Pradesh is an industrial hub with a mix of industries like petrochemicals, glass manufacturing, cement, fertilizers, etc. It offers a larger customer base to service and has a good potential for renewable energy generation considering the state's encouraging geography, the company statement said.
Amplus owns and manages a portfolio of over 1.4 GW of distributed solar assets.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Tue, March 21 2023. 16:04 IST
RECOMMENDED FOR YOU