Schedule a Call Back
Torrent Power invests Rs 72 billion in green hydrogen and ammonia projects
Industry News- Sep 18,24
Torrent Power is also pursuing a pumped storage power project with a capacity of 5-8 GW, requiring an investment of Rs 250 to Rs 350 billion.
Torrent Power Ltd has announced a major push into green hydrogen and ammonia production, committing Rs 72 billion to the initiative. This investment is part of a broader strategy that includes projects totalling Rs 570 billion aimed at achieving 10 gigawatts of renewable energy (RE) capacity by 2030.
The Ahmedabad-based utility's green hydrogen and ammonia project will serve both domestic and international markets, expected to create around 1,000 direct and indirect jobs. This addition complements the 25,000 jobs anticipated from the RE capacity expansion. Torrent Power is also pursuing a pumped storage power project with a capacity of 5-8 GW, requiring an investment of Rs 250 to Rs 350 billion.
At the RE-Invest 2024 event in Gandhinagar, Torrent Power signed a memorandum of understanding (MoU) with the Gujarat government to develop 5 GW of solar, wind, or solar-wind hybrid projects in Dwarka district.
Samir Mehta, Chairman, Torrent Group highlighted the company's commitment to advancing green energy solutions, aligning its operations with national priorities. He expressed gratitude for the Government of India's supportive policies that foster the growth of the renewable energy sector.
Part of the Rs 410 billion Torrent Group, which spans pharmaceuticals to infrastructure, Torrent Power operates with a total installed generation capacity of 4.4 GW. This includes 2.7 GW of gas-based capacity, 1.3 GW of renewable energy, and 362 MW of coal-based capacity, with 3.1 GW under development. Including projects in advanced stages, the total generation capacity reaches 7.5 GW.
The company serves nearly 30 billion units to over 4 million customers across cities in Gujarat, Maharashtra, and Uttar Pradesh.
(TOI)
Related Stories
Electrical & Electronics
Meine Electric Develops Fast-Charging Iron-Air Battery System
The independently validated system charges in six hours and discharges over 18 hours, targeting daily renewable energy balancing and long-duration storage applications.
Read moreSmart Manufacturing
DCM Shriram Partners Serentica for 58 MW Hybrid Renewable Project
The project will supply renewable power to DCM Shriram Chemicals’ Bharuch plant and raise the company’s total renewable energy capacity to 176 MW peak.
Read moreProcess Equipment
Godavari Biorefineries Starts 200,000-litre Grain Distillery
The Rs 1.3 billion facility at Sameerwadi raises Godavari Biorefineries’ ethanol capacity to 800,000 litres per day and adds 60 million litres annually.
Read moreRelated Products
Ultra-slim Humidity/temperature Indicator With Large 4” Display
ELECTRICAL & ELECTRONIC EQUIPMENT
Countronics offers a wide range of ultra-slim humidity/temperature indicator with large 4” display – Model 7100-4W.
Read more
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
