• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Odisha

GRIDCO Signs Landmark Pact With Avaada For 300 MW Green Power Banking

OMMCOM NEWS by OMMCOM NEWS
February 19, 2025
in Odisha

Bhubaneswar: In a significant step towards advancing Odisha’s green energy ambitions, GRIDCO signed a landmark agreement with M/s Avaada Green H2 Pvt Ltd. under the OERC Green Energy Open Access Regulations, 2023.

According to an official press release, the agreement provides a Green Power Banking Facility for 300 MW to support Avaada’s upcoming 0.5 MTPA Green Ammonia Plant at Gopalpur, Ganjam. The facility will be operational for 25 years, starting from December 31, 2028.

This agreement underscores Odisha’s position as the leading state in India for the development of Green Hydrogen and Ammonia, driven by its conducive policy environment, robust infrastructure for green power, well-developed seaports, and a growing domestic demand for green hydrogen/ammonia in industries such as fertilizers, steel, metals, and oil refineries.

Speaking on the occasion, Deputy Chief Minister-cum-Energy Minister Kanak Vardhan Singh Deo highlighted Odisha’s progress in the green energy sector.

He stated, “So far, we have approved 14 Green Hydrogen/Ammonia Projects in the state, with a proposed investment of approximately Rs. 2 Lakh Crores. These projects are expected to generate employment opportunities for 22,000 people.”

The Deputy Chief Minister emphasized that renewable power is a critical component, alongside water, for the production of green hydrogen and ammonia. He added, “Odisha has created a favorable ecosystem by offering opportunities and incentives for setting up renewable energy (RE) projects.

Recognizing the intermittent nature of RE power generation, we have introduced provisions for Green Energy Banking, ensuring a round-the-clock supply of green power to hydrogen and ammonia developers. In fact, Odisha is among the few states in the country to implement such a mechanism.”

This agreement marks a landmark achievement in establishing Odisha as a hub for the green hydrogen and ammonia industry, further solidifying its position as a leader in sustainable energy development.

Tags: Deputy Chief Minister-cum-Energy Minister Kanak Vardhan Singh Deogreen-energyGridco
ShareTweetSendSharePinShareSend
Previous Post

Khan Sir’s Allegations About Question Papers Are Baseless: Bihar Official

Next Post

Bangladeshi Political Parties Slam Yunus, Question Interim Govt’s Sincerity In Holding Elections

Related Posts

Odisha

Sex Racket Busted In Jaleswar

June 4, 2025
Odisha

Over 280 Calves Rescued From Traffickers In Mayurbhanj

June 4, 2025
Odisha

Startup Odisha Organises X-Change And Launchpad 2025 To Boost Incubation Capacity

June 4, 2025
Odisha

3.8 Tons Of Looted Explosives Recovered, Maoist Involvement Revealed: Odisha DGP

June 4, 2025
Odisha

Odisha Reports 23 Mild COVID-19 Cases Linked To Omicron Sub-Variant In Past Week

June 4, 2025
Lok Seva Bhavan
Odisha

Odisha Govt Invites Applications For VC Posts In 13 Public Universities

June 4, 2025
Next Post

Bangladeshi Political Parties Slam Yunus, Question Interim Govt's Sincerity In Holding Elections

Rekha Gupta

Rekha Gupta Chosen BJP Legislature Party Leader, Set To Become Delhi's Fourth Woman CM

Amit Shah

Odisha Gets Rs 255.24 Cr Additional Central Aid For Cyclone & Flood Relief

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.