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Greenko to Invest $6bn into Pumped Storage, Green Hydrogen Biz

The Greenko group, which is building the world’s largest pumped hydro storage facility - 1,680 MW - near Kurnool, Andhra Pradesh, spending “upwards of a billion dollars” for that purpose, plans three more such facilities, in the next three years. Two of these will be roughly of the same size and the third one-and-half times as big. Together, these will have a storage capacity of 50 GWhr.

 

The Kurnool plant is expected to be commissioned by December this year. A third of the power will be supplied to Greenko’s green hydrogen and green ammonia facility coming up at the port city of Kakinada, from where the green ammonia will be exported.

 

In all, Greenko will invest $6 billion into this business, said the Chief Operating Officer of Greenko ZeroC Pvt Ltd, Gautam Reddy, at the India Energy Week, held in Bengaluru last month. In the same event, B C Tripathi, who is a Senior Advisor at Greenko, said that the group would produce 3 million tons per year of green hydrogen.

 

The first shipment will happen by December 2025. Incidentally, Greenko has entered into a MoU with Germany’s Uniper, under which it would supply 250,000 tons a year of green ammonia to the German company.

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