Torrent Power lines up Rs 7,200 crore green hydrogen foray
Torrent Power Ltd on Monday raised its bet on next-generation renewable energy (RE) by announcing entry in the green hydrogen (GH2) and ammonia production with an investment of Rs 7,200 crore in addition to projects worth Rs 57,000 crore on the table for attaining 10 gigawatts of RE capacity by 2030.
The Ahmedabad-based utility said GH2 and green ammonia project, aimed at catering to the domestic and export markets, is expected to generate about 1,000 direct and indirect employment on top of the 25,000 jobs seen from the investments in the RE capacity expansion. It is also pursuing a pumped storage power project capacity of 5-8 GW entailing investments of Rs 25,000 to Rs 35,000 crore.
Read more “Torrent Power lines up Rs 7,200 crore green hydrogen foray”