Adani Power Ltd. experienced a 3.57% increase in its shares following the initiation of a green ammonia combustion pilot project at its Mundra plant, marking a significant stride in the company's decarbonization efforts. In collaboration with Japan's IHI Corporation and Kowa, the project's objective is to co-fire up to 20% green ammonia in the boiler of a conventional coal-fired 330MW unit at the Mundra Plant.
Part of the Japan-India Clean Energy Partnership, the pilot project focuses on key aspects such as energy security, carbon neutrality, and economic growth. The outcomes of this initiative will serve as a blueprint for potential expansion to other units and stations operated by Adani Power Limited, contingent upon achieving economic parity among various feedstocks.
The Mundra plant, chosen as the inaugural site for this green initiative, stands as the first location outside of Japan to participate in such a project. This aligns with the objectives of the New Energy and Industrial Technology Development Organization's (NEDO) International Demonstration Project. Green ammonia, derived from green hydrogen produced through electrolysis using renewable energy, emerges as a carbon-neutral alternative to fossil fuels. Notably, the combustion of ammonia results in no CO2 emissions due to its carbon-free composition, contributing to the broader global effort towards sustainable energy solutions.
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