MoU signed for Green Hydrogen and Ammonia Project for investment of more than 4000 Cr

Chief Minister, Sukhvinder Singh Sukhu said that to make Himachal Pradesh the ‘First Green State’ by 2025 and a leading green hydrogen-based economy a Memorandum of Understanding (MoU) was signed with M/s HLC Green Energy LLC here today.

The MoU was signed in the presence of Industries Minister, Harshwardhan Chauhan by Director Industries, Rakesh Kumar Prajapati and Managing Director of M/s HLC Green Energy LLC, Sanjay Sharma.   

The Chief Minister while expressing happiness over the signing of MoU said that Green hydrogen has the potential to reduce greenhouse gas emissions significantly, potential of reducing fertilizer prices and contribute nation’s economy through import substitution. He said that Himachal Pradesh was already famous for Green Hydel energy and will now encourage new clean energy projects such as ethanol, green hydrogen, green ammonia, solar, etc. therefore making Himachal an ideal for other States for becoming the clean energy hub of the country.

He said that the State has a clear-cut advantage on account of abundant green hydel energy and abundance of water resources, said the Chief Minister and assured full cooperation and support from the State Government to the company in setting up the project in the State.

Industries Minister said that the company intends to produce 0.3 million metric tons (MMT) of Green Hydrogen and 1.5 million metric tons (MMT) of Green Ammonia per year respectively. The land requirement for this project is around 20-25 acres and likely to be setup in Una and Kangra due to water and logistics suitability.

He said that the manufacturing facility has planned to bring in an investment of more than Rs. 4,000 crore, besides generating direct and indirect employment opportunities for about 2500 persons. It would also help create skilled labour for the nearby villages and strengthen the economy of the State, said he.

Principal Secretary (Industries), R. D. Nazeem, Managing Director Food and Civil Supplies, K. C. Chaman, Director Ayurveda. Vinay Singh, were present on the occasion.

Leave a Reply

Your email address will not be published. Required fields are marked *