ACME Green Hydrogen to Invest ₹52,474 Crore in New Plant at Thoothukudi
July 11, 2022 | 3 min read July 11, 2022 | 3 min readAn MoU was signed for the project between the company and the Tamil Nadu government.
An MoU was signed for the project between the company and the Tamil Nadu government.
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, announces that, further to its announcements of 30 March 2022 and 1 April 2022, Oracle and Kaheel Energy FZE (“Kaheel Energy”) (a wholly owned company of the Private Office of His Highness Shaikh Ahmed Dalmook Al Maktoum (“HH Private Office”)) advanced to their joint venture company, Oracle Energy Limited (“Oracle Energy” or the “JV”)), on 6 July 2022, in aggregate, approximately a further £390,000, at a price of 10 Pakistani Rupees per share, to further capitalise Oracle Energy and to progress the development of its green hydrogen project in Pakistan. The JV is being funded on a 70:30 basis by Kaheel Energy and Oracle, respectively.
Green hydrogen trade can provide a low-cost alternative that diversifies energy imports and improves energy security, says new IRENA report.
The green hydrogen produced within the scope of the pilot project, which was implemented with a total investment of 200 thousand Euros, will be used in the cooling processes of Enerjisa Üretim AŞ’ Bandırma 2 Natural Gas Cycle Power Plant.
Gurugram: ACME Group today announced a green hydrogen and green ammonia project in the state of Tamil Nadu. The initial agreement with the State Government was signed in presence of Hon’ble Chief Minister of Tamil Nadu Thiru M K Stalin during the Tamil Nadu Investment Conclave. The project entails an investment of Rs 52,474 crore.
First of its kind in SE Asia, the S$25 million centre aims to bring green hydrogen from the laboratory to society.
Setting sail from its port of registry of Saint Malo in 2017, the Energy Observer has already covered over 50,000 nautical miles, made 72 stopovers, and visited over 40 countries.
It has proposed 25 national green hydrogen projects and five hydrogen hubs by 2025.
In the presence of Mr Vatché Terteryan, Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia, Mrs Anne Louyot, Ambassador of France in Armenia, and Mrs Hasmik Tolmajyan, Ambassador of Armenia in France, Children of Armenia Fund (COAF) and HyGreenCo company (subsidiary of the French group Solges-Energy) have consented to sign a partnership agreement aimed at the construction of the first industrial demonstrator of Smart Grid in Armenia, integrating the entire chain production of green hydrogen.