Key Takeaways
- TrueRE Oriana Power has signed a ₹3,135 crore deal with SECI to supply 60,000 tonnes of green ammonia annually for 10 years.
- The agreement aims to enhance energy self-reliance and accelerate clean energy adoption across industries.
- The project will be developed in Sagar, Madhya Pradesh, with Madhya Bharat Agro Products Ltd as the end offtaker.
Long-Term Green Ammonia Supply Agreement
TrueRE Oriana Power, a key player in renewable energy, has announced a significant partnership with the Solar Energy Corporation of India (SECI). This long-term agreement, valued at ₹3,135 crore, is set for 10 years and involves the supply of 60,000 tonnes of green ammonia annually. The pricing has been established at ₹52.25 per kg, which falls under the National Green Hydrogen Mission.
Anirudh Saraswat, Founder and Chief Business Officer of TrueRE Oriana Power, emphasized the strategic importance of this deal in promoting energy self-reliance. He noted that each tonne produced in India will foster a more sustainable energy ecosystem, playing a critical role in the country’s transition to clean energy. The company is dedicated to providing integrated renewable energy solutions that align with India’s climate objectives.
Alongside this transaction, SECI has entered into a separate sale agreement for green ammonia with Madhya Bharat Agro Products Ltd, which will serve as the end offtaker for the product. The green ammonia project will be developed in Sagar, Madhya Pradesh, where TrueRE Oriana Power will oversee its development, including necessary approvals and land clearances.
This collaboration marks a significant step in expanding India’s green energy infrastructure, supporting industrial sectors in their efforts to adopt sustainable practices and enhance energy independence. The arrangement reflects a growing commitment within India’s energy landscape to embrace renewable sources and innovate towards a greener future.
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