{"id":16767,"date":"2023-05-29T05:52:41","date_gmt":"2023-05-29T05:52:41","guid":{"rendered":"https:\/\/www.newprojectstracker.com\/blog\/?p=16767"},"modified":"2024-11-27T11:12:19","modified_gmt":"2024-11-27T11:12:19","slug":"prominent-energy-company-to-establish-3800-tonne-green-hydrogen-plant-in-karnataka","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/prominent-energy-company-to-establish-3800-tonne-green-hydrogen-plant-in-karnataka\/","title":{"rendered":"Prominent energy company to establish 3,800-tonne green hydrogen plant in Karnataka"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/16767?pdf=16767\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p>With a 3,800 tonne capacity, JSW Energy intends to build a green hydrogen facility in Karnataka.<\/p>\n<p>Additionally, a seven-year agreement for the supply of green hydrogen and green oxygen to create green steel is being signed with JSW Steel, a subsidiary of the same conglomerate.<\/p>\n<p>Prashant Jain, Joint MD and CEO of JSW Energy Ltd., discusses the company&#8217;s ambitions for diversification and its success in FY2023.<\/p>\n<p>He said the company has transformed into a sustainable long-term PPA (power purchase agreement) backed business with a very stable EBITDA growth.<\/p>\n<p>&#8220;In this quarter, the Board has approved setting up a 3,800-tonne green hydrogen plant in Karnataka. We will sign a contract with JSW Steel too for which they will be using both green hydrogen and green oxygen to produce green steel, and this would be a seven-year contract during which the entire plant will be amortised, and post that, the contract will be on a variable cost-plus ROE. Before that, it is a cost-plus ROE where we are expecting mid-teen ROEs from this particular business,&#8221; he added.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report With a 3,800 tonne capacity, JSW Energy intends to build a green hydrogen facility in Karnataka. Additionally, a seven-year agreement for the supply of green hydrogen and green oxygen to&#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1892,163,1893],"tags":[914],"jetpack_featured_media_url":"","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/16767"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=16767"}],"version-history":[{"count":2,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/16767\/revisions"}],"predecessor-version":[{"id":18126,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/16767\/revisions\/18126"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=16767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=16767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=16767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}