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Unlocking substantial industrial and financial alternatives for each Andhra Pradesh and Telangana by shaping the area as a key participant in India’s clear vitality future is an goal behind the MoU, it mentioned following signing of the settlement on the World Hydrogen Summit 2025 in Rotterdam on Wednesday (Might 21, 2025).
The settlement contains fairness participation within the mission’s particular goal car (SPV), growth of ammonia export terminals and port-connected pipeline logistics, alignment with European regulatory frameworks like RFNBO and RED II/III, and a long-term offtake settlement with a blended pricing mannequin that balances market stability and world competitiveness, it mentioned in a press launch on Thursday (Might 22, 2025).
Juno Joule mentioned it’s the solely non-public Indian firm exhibiting independently on the summit. It’s showcasing particulars of an bold inexperienced hydrogen and ammonia mission being developed at Mulapeta Port in Andhra Pradesh. With a complete deliberate funding of $1.3 billion (₹10,000 crore), the mission is to be developed in three phases to supply roughly 180 KTPA of green hydrogen by 2029, which shall be transformed into as much as a million tons of inexperienced ammonia yearly for export. Building is anticipated to start in 2026.
The mission is estimated to generate 5000 to six,000 direct and oblique jobs throughout operations, building, logistics, and assist sectors.
The power will embrace a complicated desalination plant to sustainably supply high-purity water from seawater, electrolysers powered by a diversified mixture of photo voltaic, wind, and hydropower, and port-connected pipeline infrastructure for environment friendly large-scale exports.
CEO of Juno Joule Inexperienced Power Nagasharath Rayapati and Choose New Energies GmbH MD Felix Hazard signed the MoU, the corporate mentioned.
Printed – Might 23, 2025 01:31 pm IST
