The total project spend for the plant will cover the green hydrogen generation unit and its subsequent conversion to green ammonia, along with all associated balance of plant and infrastructure.
This project will be located at an existing urea plant in Kakinada, which the company acquired earlier this as part of the overall capex spend. The facility is planned to be converted into a green ammonia production unit, with production expected to commence in the second half of 2026.
The Kakinada facility has been pre-certified by CertifHy as compliant with the EU RFNBO requirements for green ammonia, including additionality and hourly matching of renewables. Most of the production from this facility will be exported to European markets.
The company has already executed offtake term sheets for this project with major players such as Uniper, Yara, Keppel, and others for intended end use in a range of green hydrogen applications.
The company has secured the required 1,300 MW round-the-clock carbon-free power, enabled through 4,500 MW of solar and wind hybrid capacity combined with 950 MW of pumped storage plant (PSP) capacity.
A 25-year fixed-price power purchase agreement (PPA) with NTPC, covering half of this capacity, is already in place. The remaining capacity is expected to be supplied by Gentari.
The company has unique access to gigawatt-scale pumped storage projects and a manufacturing partnership with John Cockerill for 2 GW of electrolyser capacity. These pressurized alkaline electrolysers are envisioned to be deployed for this project.
Leveraging these capabilities provides solutions for renewable intermittency issues and allows for up to 90% utilization of the deployed electrolysers, making this one of the most innovative and cost-efficient green ammonia projects globally, according to the company.
In addition to the Kakinada project, the company is also focused on green ammonia production across multiple locations in India to achieve its planned 5 MTPA of green ammonia capacity by 2030.
Anil Chalamalasetty, founder of Greenko Group and AM Green, said: “The FID status achieved by our Kakinada plant underscores our commitment to providing carbon-free energy solutions globally while meeting the highest standards like EU RFNBO norms. This is a significant milestone for AM Green as it reinforces our position as a leading energy transition solutions platform helping to decarbonize industries like refineries, shipping, fertilizers, power generation, chemicals and others through low-cost green molecules and its derivatives.”
