Bhubaneswar, Oct 14: The Rural Electrification Corporation (REC) inked three pivotal Memoranda of Understanding (MoUs) with Odisha Power Grid Corporation (OPGC), Avaada Energy and ACME Solar.
The series of MoUs is a clear indication of Odisha's relentless drive to elevate its power infrastructure and expand its green energy footprint:
1. OPGC & REC MoU: This collaboration is set to finance the expansion of the Thermal Power Project at Jharsuguda with an investment of INR 9,538 crores.
2. Avaada Energy & REC MoU: Marking Odisha's firm commitment to a sustainable future, this MoU facilitates financing for the Green Hydrogen and Green Ammonia Project in Gopalpur, with an impressive allocation of INR 15,000 crores.
3. ACME Solar & REC MoU: This partnership further augments Odisha's green energy vision, ensuring financing for ACME Solar's Green Hydrogen and Green Ammonia Project in Gopalpur, with a commitment of INR 16,000 crores.
The state's focus on green hydrogen and green ammonia not only amplifies its commitment to sustainability but also underscores its vision of being a futuristic economy. With global industries pivoting towards cleaner, sustainable energy sources, Odisha is strategically positioning itself to be a linchpin in this green revolution.
Nikunja Dhal, Additional Chief Secretary, Energy Department, said , “Our collaborative spirit and forward-thinking policies are not just attracting investments but are shaping Odisha as a model state for green and sustainable development in India."