The Memorandum of Understanding (MoU) to establish a green hydrogen and green ammonia project at the Gopalpur Industrial Park in Odisha was signed on Friday by Tata Steel Special Economic Zone Limited (TSSEZL) and the diversified renewable energy company ACME Group.
This will be the first green hydrogen project to be established in the state of Odisha and on the East Coast of India. This facility will be the biggest in the nation for producing green hydrogen and its derivatives in a single place.
The MoU was signed between Manikanta Naik, Managing Director, TSSEZL, and Sandeep Kashyap, Chief Operating Officer, ACME Group, in the presence of Hemant Sharma, Principal Secretary, Industries Department, Government of Odisha and Chairman, Odisha Industrial Infrastructure Development Corporation (IDCO) and Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), and Kalyan Mohanty, Executive Director, IPICOL.
Manikanta Naik, Managing Director, Tata Steel Special Economic Zone Limited, said, “We are glad that with plug-and-play infrastructure, multi-modal logistics connectivity, ready environmental clearance, and a clear land title, Gopalpur Industrial Park, in a very short span since its inception, is fast emerging as the preferred investment destination of India. We would also like to thank the government of Odisha for its industry-friendly policies and incentives that are attracting investments to the state of Odisha.”
Hemant Sharma, Principal Secretary, Industries Department and Chairman, IDCO and IPICOL, Government of Odisha, said, “We envision Odisha as the hub of Green Hydrogen and Green Ammonia and a leader in the Green Fuel Economy. The state government is firmly committed to green energy, recognizing it as the fulcrum of our future. To catalyze this vision, we’re offering best-in-class incentives. Our progressive policy is a testament to our dedication towards a sustainable and prosperous future.”
For the purpose of establishing green hydrogen and its derivatives facility, ACME Clean Energy Private Limited (ACME Group) would purchase 343 acres of land at TSSEZL’s Gopalpur Industrial Park (GIP), which is situated in the Ganjam district of Odisha. The total investment in this project by ACME Group is estimated to be Rs 27,000 crore, which will be invested in phases.
