MoU26 Jun 2024, 11:20 pm
SJVN Ltd Inks MoU with AM Ammonia for Green Ammonia Plants' Renewable Energy Supply
AI Summary
SJVN Ltd, through its subsidiary SJVN Green Energy Limited (SGEL), signed a Memorandum of Understanding (MoU) with AM Ammonia (India) Private Limited, a part of the Greenko Group. The MoU aims to cooperate for the supply of renewable energy on a long-term basis for Green Ammonia Plants. SGEL plans to set up 4,500 MW renewable energy projects in India, including 2500-3000 MW of solar projects and 1500-2000 MW of wind projects over three phases. This collaboration marks SGEL's first venture into the Commercial & Industrial Segment.
Key Highlights
- SJVN Ltd signs MoU with AM Ammonia (India) Private Limited for renewable energy supply
- The MoU aims to cooperate for the supply of renewable energy on a long-term basis for Green Ammonia Plants
- SGEL plans to set up 4,500 MW renewable energy projects in India over three phases
- The projects will include 2500-3000 MW of solar projects and 1500-2000 MW of wind projects
- This collaboration marks SGEL's first venture into the Commercial & Industrial Segment