Stock Report

Adani Power to co-fire Green Ammonia at its Mundra Plant for a sustainable future



Posted On : 2023-11-29 10:19:18( TIMEZONE : IST )

Adani Power to co-fire Green Ammonia at its Mundra Plant for a sustainable future

As the world leaders converge in the UAE for the UN Climate Change Conference (COP 28) from 30 November to 12 December 2023 to fast-track energy transition and slash emissions before 2030, Adani Power Ltd., India's largest private sector power generator, has undertaken a ground-breaking green ammonia combustion pilot project at its Mundra plant as part of its multipronged decarbonization initiatives.

As part of the project, the Mundra Plant, which is India's largest private sector power plant, will co-fire up to 20% green ammonia in the boiler of a conventional coal fired 330MW Unit.

Green ammonia, produced from green hydrogen, which in turn is produced through electrolysis using renewable energy, would be a feedstock for the boilers. As ammonia contains no carbon, there is no CO2 emission from its combustion, making it a long-term carbon neutral alternative to fossil fuels. Adani Power has already set a benchmark in the industry for 'per-unit' emissions and has adopted state of the art 'Ultra Supercritical technology' in its newest plants.

Adani Power has partnered with IHI and Kowa-Japan to deliver the pilot and examine expansion to other APL units and stations as well. Kowa is active in energy saving and energy creating products, while IHI is a heavy industry company which has ammonia firing technology. Combustion tests at IHl's facility in Japan have begun with 20% ammonia blend, simulating Mundra Power Station equipment. The partners believe that the results will be encouraging enough to implement this solution at the Mundra Power Station once economic parity is achieved between both feedstocks. The Mundra plant is the first location outside of Japan to have been selected for this cutting-edge green initiative.

The ambitious project has been conceived under the aegis of Japan-India Clean Energy Partnership (CEP), which aims to ensure energy security, achieve carbon neutrality, and achieve economic growth. It has been selected under the New Energy and Industrial Technology Development Organization's (NEDO) "International Demonstration Project for Japanese Technologies Contributing to Oecarbonization and Energy Transition". NEDO is Japan's national research and development agency that fosters innovation by promoting technological development necessary for realization of a sustainable society.

"Adani Power is fully committed to reducing its carbon footprint through adoption of latest technologies and proactive measures across our business value chain. In furtherance of this vision, we are happy to partner with IHI and Kawa for blending green ammonia for our Mundra plant, which will reduce CO2 emissions. We will continue to integrate cutting-edge technologies increasingly to reduce emissions in the intermediate term," said Mr. Anil Sardana, Managing Director, Adani Power Ltd.

Shares of Adani Power Limited was last trading in BSE at Rs. 445.80 as compared to the previous close of Rs. 396.90. The total number of shares traded during the day was 4650627 in over 53818 trades.

The stock hit an intraday high of Rs. 464.30 and intraday low of 406.00. The net turnover during the day was Rs. 2050051980.00.

Source : Equity Bulls

Keywords

AdaniPower INE814H01011 GreenAmmonia MundraPlant