The majority of large economies, including India, have committed to net zero targets. One of the major requirements for reducing emissions is the transition to green hydrogen and green ammonia, especially in hard-to-reduce sectors. The government of India has taken under consideration a number of policy measures in order to facilitate the transition from fossil fuel.
Greenko's Kakinada project is a multi-phase green ammonia production and export facility which is in the process of adding up to 1 MTPA of green ammonia production capacity by 2027.
Klaus-Dieter Maubach is exercising a special right to terminate his contract and will leave the board this year, Uniper said in a statement.
Uniper said the amended bailout package would feature a capital increase to the tune of 8 billion euros (dollars), which the government would finance. The German government also would acquire the majority stake now held by Finland-based Fortum.
The German government also expanded the credit it granted the company to 9 billion euros and offered up to 7.7 billion euros in equity, for a total package worth the equivalent of $17 billion.
The joint venture will provide services to existing and new power plants and will improve plant efficiency, provide operation and maintenance (O&M) and coal blending services, says Hemant Kanoria, CMD of Srei Infra.