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Some of India's largest companies teaming up for massive $12bn green hydrogen hub in Gujarat: reports

Reliance Industries leading trillion-rupee initiative to install H2 and ammonia plants in Gujarat

Mukesh Ambani, chairman and managing director of Reliance Industries.
Mukesh Ambani, chairman and managing director of Reliance Industries.Photo: NurPhoto/Getty Images
Deputy Editor

Energy conglomerate Reliance Industries is leading a group of four Indian companies in a plan to install multiple green hydrogen and ammonia plants at the Port of Kandla in Gujarat state, with a total investment of up to a trillion rupees ($12bn), according to reports yesterday (Wednesday).

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No further details as to the size or scope of the proposals were revealed, but if realised, it would be one of the largest investments in Indian green hydrogen projects so far.

Reliance — run by Asia’s richest man, billionaire Mukesh Ambani — along with Indian renewables and green hydrogen developer Greenko, and industrial conglomerates Larsen and Toubro (L&T) and Welspun, were all the highest bidders in a tender put out by Deendayal Port Authority (DPA), India’s Economic Times reported, citing industry executives aware of the development.

The original tender invited bids to develop 14 plots of land with a total of 3,600 acres (1,456 hectares) for green hydrogen and ammonia projects at the port — located on India’s western coast — on a 30-year contract.

Reliance, Greenko and Welspun were all named as winners in India’s first national auction of green hydrogen production subsidies, and are now set to receive between 18.9 and 30 rupees per kg of H2 produced on 90,000 tonnes per year of output (for both Reliance and Greenko) and 20,000 tonnes per year (Welspun).

As well as one of the biggest investments in Indian green hydrogen projects so far, the hub could also surpass all others in terms of size.

India’s state-owned power utility NTPC in February unveiled a plan for an estimated 4GW project in the eastern state of Andhra Pradesh, on a plot of land less than half the total size being allocated as part of the DPA tender.

However, NTPC has not yet said how much it plans to invest in that project.

(Copyright)
Green H2AmmoniaIndiaReliance IndustriesGreenko
Published 11 April 2024, 12:05Updated 11 April 2024, 12:06