GRIDCO signed an MoU with M/s Avaada Green H2 Pvt Ltd. for providing Green Power Banking
Bhubaneswar:19/02/2025
Odisha is the leading State in India for development of
Green Hydrogen & Ammonia. With conducive Policy Environment, required infrastructure for availing Green Power along with
developed Sea-Ports and domestic requirement of Green Hydrogen / Ammonia in Fertiliser, Steel
& Other Metal Industries and Oil Refineries.
Today, GRIDCO signed an agreement with M/s Avaada Green H2 Pvt Ltd.under OERC Green Energy Open Access Regulations, 2023 for providing Green Power Banking Facility for 300 MW for its upcoming 0.5 MTPA Green Ammonia Plant at Gopalpur, Ganjam for a period of 25 years starting from 31.12.2028.
Speaking on the occasion, Hon’ble Deputy Chief Minister Shri Kanak Vardhan Singh Deo said, as of now, we have approved 14 Green Hydrogen/ Ammonia Projects in our State with a proposed
investment of about Rs.2 Lakh Crores and employment opportunity for 22,000.
In addition to Water, Renewable Power is the main ingredient for production of Green Hydrogen &
Ammonia. Odisha has provided all opportunities and incentives for setting up RE Projects in the State. As RE Power generation is highly intermittent, we have created provision for Banking of Green Energy, which will provide Green Power to Green Hydrogen & Ammonia Developers round
the clock. In fact, we are one of the few States in the Country for introducing Green Power Banking.
This is a landmark event in establishment
of Green Hydrogen & Ammonia Industry in the State.
Susree Sangita Maharana
PRO, Energy
