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Avaada Group inks MoU for green ammonia plant with Rajasthan Government

September 21,2022
Avaada Group, an integrated energy platform, has signed a Memorandum of Understanding (MOU) with the Department of Industries and Commerce, Government of Rajasthan, to set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan.

The MoU, a part of the investment promotion strategy for the Investment Rajasthan Summit held in New Delhi, proposes an investment of Rs. 40,000-crore while also providing direct employment opportunities to about 3,500 people and indirect jobs to over 10,500 people, the company said in a statement. Mr. Vineet Mittal, Chair, Avaada Group. said, "The biggest advantage of green hydrogen is that it burns clean, leaving only water vapour 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."

Avaada Group manufactures solar cells, modules and electrolysers for renewable power generation, green hydrogen, and green ammonia production. Avaada Group's flagship company Avaada Energy is India's fastest-growing renewable energy Independent Power Producer (IPP). Avaada Group's solar manufacturing business comprises a state-of-the-art facility with an annual production capacity of 3-GW for cells and modules. The capacities are expected to get operational by early next year. By 2030, the group plans to scale up to 10-GW along with backward integration into polysilicon, ingots, and wafers.