ENA State 2022-08-25 11:33:17 <p><span style="font-size:14px"><strong>Kota, Aug 25 (KNN)</strong> The Avaada Group on Wednesday signed an agreement with the Rajasthan department of Industries and Commerce to setup a Green Ammonia facility and Renewable Energy power plant in Kota.</span></p> <p><span style="font-size:14px">The Pact was signed as part of the Investment promotion strategy for the upcoming Investment Rajasthan Summit to be held in New Delhi on October 7-8.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Under this collaboration, Rs 40,000 crore will be invested to work towards achieving the countrys 2070 net-zero targets. This partnership will provide direct employment opportunities to about 3,500 people and indirect jobs to over 10,500 people.</span></p> <p><span style="font-size:14px">Speaking about the collaboration, Vineet Mittal, Chair, Avaada Group, said, Green energy transition is vital to the countrys Atmanirbharta and will pave the way towards net-zero goals. Aligning with the nations vision of self-reliance, at Avaada, we aim to make India energy independent by focusing on green energy security.</span></p> <p><span style="font-size:14px">Elaborating on the clean energy technology, Mittal further highlighted that the biggest advantage of Green Hydrogen is that it burns clean, leaving only water vapour behind.</span></p> <p><span style="font-size:14px">For industries that require high-temperature heat, such as foundries and glass and steelmakers, this could be ground-breaking as it will not only replace fossil fuels with renewable sources but also produce green ammonia and a substitute for gas, he added.</span></p> <p><span style="font-size:14px">Avaada Group is an integrated energy platform with business interests ranging from manufacturing solar cells, modules and electrolysers to renewable power generation, green hydrogen, and green ammonia production. <em><strong>(KNN Bureau)</strong></em></span></p> 30312 https://knnindia.co.in/news/newsdetails/state/avaada-group-to-set-up-green-ammonia-plant-in-kota-rajasthan 2022-08-25 11:33:17 knnindia.co.in