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Gridco, Avaada Pact for Power Banking Unit
The New Indian Express Sambalpur
|February 20, 2025
GRIDCO on Wednesday signed an agreement with Avaada Green H2 Pvt Ltd under OERC Green Energy Open Access Regulations, 2023 for providing green power banking facility of 300 MW for its upcoming 0.5 MTPA green ammonia plant at Gopalpur in Ganjam district.
As per the agreement, Gridco will provide the green power banking facility for a period of 25 years starting from December 31, 2028. In addition to water, renewable power is the main ingredient for production of green hydrogen and ammonia. Odisha is one of the few states in the country to introduce green power banking.
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The New Indian Express Sambalpur
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