Coal India signs MoU with AM Green for long term renewable energy supply

Coal PSU, Coal India Limited (CIL), intends to gradually provide AM Green Ammonia (India) Private Limited's future green ammonia facilities with 4500 MW of carbon-free energy. It would be through a combination of wind and solar power, whose capacities CIL hopes to establish throughout India. This program supports India's national objective of reaching net-zero emissions and a cleaner energy mix.

On May 7, the two organizations signed a formal, non-binding memorandum of understanding (MoU) for the long-term sourcing and supply of renewable energy. Wind is anticipated to contribute between 1500 MW and 2000 MW, with a total estimated cost of Rs 25,000 crore (approximately)

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Potential sites for wind projects will be explored in the southern states of the county and, for solar plants in the sunny states like Gujarat and Rajasthan.

AM Green will integrate the two renewable sources supplied by CIL with pumped hydro storage to ensure a steady supply of green energy to AM Green facilities. “While coal remains our mainstay in meeting India’s expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future.

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This is in consonance with our commitment to become country’s integrated energy provider” said P M Prasad, CIL’s Chairman. AM Green promoted by the founders of Greenko, one of India’s leading energy transition solutions providers, targets to produce 5 million tons per annum (MTPA) of green ammonia by 2030. This equals to approximately 1 MTPA of green hydrogen and represents a fifth of India’s target for green hydrogen production under the National Green Hydrogen Mission.

Mahesh Kolli, Founder of the Hyderabad based Greenko Group & AM Green, said, “We are delighted to partner with CIL on one of the world’s largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world”. The agreement was signed by Sudarsan Bora, GM (E&M) representing CIL while his counterpart from AM Green was Shatanshu Agrawal, Sr. Vice President – Business Development. Present were P M Prasad, Chairman, CIL, Mukesh Choudhary, Director (Marketing) CIL and Anil Kumar, GM (MM & Solar) CIL.

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