India’s Major Investment Projects
Construction of Two Green Hydrogen and Ammonia Production Plants
Initiator:
ONGC, India’s largest state-owned oil & gas company
Investments:
$9.6 bn – $10.2 bn (Rs 800-850 bn)
Commissioned by:
2027
Capacity:
2 mln tonnes of green ammonia annually
Description:
State-owned ONGC targets two million tonnes a year of NH3 production, with eye to using alkaline electrolysers first. The green hydrogen and green ammonia plants will be coming up by 2027. Moreover, ONGC more broadly plans to spend $12 bn (Rs 1 trl) on installing 10GW of renewable energy assets by 2030, including 5 GW of wind and solar, 2 GW of pumped storage, and 1 GW of offshore wind.
Construction of India’s Largest Green Hydrogen Production Facility
Initiator:
NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC)
Investments:
Phase 1: $82 mln (Rs 6.8 bn),
Phase 2: $3,76 bn (Rs 312 bn),
Phase 3: $4 bn (Rs 335 bn)
Commissioned by:
Phase 1: 2026, Phase 2: Not disclosed, Phase 3: 2032
Capacity:
1,200 tonnes per day
Location:
Visakhapatnam, Andhra Pradesh
Description:
State-owned ONGC targets two million tonnes a year of NH3 production, with eye to using alkaline electrolysers first. The green hydrogen and green ammonia plants will be coming up by 2027. Moreover, ONGC more broadly plans to spend $12 bn (Rs 1 trl) on installing 10GW of renewable energy assets by 2030, including 5 GW of wind and solar, 2 GW of pumped storage, and 1 GW of offshore wind.
Construction of Two Hydrogen-based Methanol Plants
Initiator:
ReNew E-Fuels Pvt Ltd (REFPL), a subsidiary of ReNew Power Pvt Ltd
Investments:
$2.3 bn (Rs 190 bn)
Location:
State of Odisha
Capacity:
100,000 tonnes and 60,000 tonnes of green hydrogen annually
Description:
The 1st plant will produce 100,000 tonnes/year of green hydrogen, which will be fed into a 500,000 tonne/year methanol facility at Malkangiri for around Rs 100 bn. The 2nd plant of 60,000 tonne/year hydrogen is planned to be constructed at Rayagada, along with a 300,000 tonne/year methanol plant at a cost of Rs 90 bn.