- 20 Dec 2024
- ICICI Securities
NTPC GREEN SUBSIDIARY MAY PARTICIPATE IN THE SIGHT SCHEME TO SUPPLY GREEN AMMONIA
News: NTPC through NTPC green subsidiary may participate in the SIGHT Scheme to supply green ammonia from its Pudimadaka Green Hydrogen hub. It may supply upto 150,000 tonnes of green ammonia produced at the hub in Andhra Pradesh. It may supply to the nearby fertilizer plants of Coromandel International and Madras Fertilizer. The NTPC green hub will produce 1500 tonnes Green Hydrogen and 4500 tonnes of green ammonia per day apart from green methanol and sustainable aviation fuel. The government had issued tender for green ammonia production incentives in June and the last date to submit bids is 2nd Jan, which may be extended to 31st January. The bids are called for providing incentives for the supply of upto 539,000 tonnes per year.
Views: NTPC green aims to achieve green energy capacity of 19GW by FY27 and 60 GW by FY32. Foraying into Green Hydrogen and Green Ammonia production will compliment it's green energy portfolio.
Impact: Positive