Amplus Solar stated that it plans to invest approximately Rs 1,500 crore in the construction of 7.5 KPTA-distributed green hydrogen reactors in Andhra Pradesh.
Amplus Solar stated in a statement that the company has also reached an agreement with the Andhra Pradesh government to establish a number of distributed green hydrogen plants in the state in order to carry out its ambitions.
With an expenditure of Rs 1,500 crore, the business plans to build 7.5 KPTA (kilo tonne per annum) distributed green hydrogen facilities for industrial use in Andhra Pradesh. Additionally, it has a deal with the state government to set up numerous decentralised green hydrogen facilities.
Sharad Pungalia, MD and CEO of Amplus Solar, said, “We look to be a key contributor in achieving India’s goal of being the global green hydrogen hub. This MoU (memorandum of understanding) is our first step in active participation in the sector’s growth.”
