Bhubaneswar:GRIDCO Wednesday signed an agreement with Avaada Green under OERC Green Energy Open Access Regulations, 2023 for providing green power banking facility for 300 MW for its upcoming 0.5 MTPA Green Ammonia Plant at Gopalpur in Ganjam for a period of 25 years starting from 31.12.2028.
Speaking on the occasion, deputy chief minister Kanak Vardhan Singh Deo said, as of now, we have approved 14 Green Hydrogen/ Ammonia Projects in our State with a proposedinvestment of about Rs 2 Lakh crores and employment opportunity for 22,000. In addition to Water, Renewable Power is the main ingredient for production of Green Hydrogen & Ammonia. Odisha has provided all opportunities and incentives for setting up RE Projects in the State. As RE Power generation is highly intermittent, we have created provision for Banking of Green Energy, which will provide Green Power to Green Hydrogen & Ammonia Developers roundthe clock. In fact, we are one of the few States in the Country for introducing Green Power Banking.
