Gautam Adani today proposed setting up a green hydrogen plant in Sri Lanka.
New Delhi:
Billionaire Gautam Adani today proposed setting up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project.
Mr. Adani met visiting Sri Lankan President Ranil Wickremesinghe to discuss the ongoing projects and the new venture.
“Great honor to have met with HE President Ranil Wickremesinghe to discuss a fascinating range of projects in Sri Lanka, including the further development of the Colombo Port West Container Terminal, a 500MW wind project and expanding our renewable energy expertise to produce green hydrogen,” he tweeted.
Great honor to have met with HE President Ranil Wickremesinghe to discuss a fascinating range of projects in Sri Lanka including the continued development of the Colombo Port West Container Terminal, the 500 MW wind project and the expansion of our renewable energy expertise to produce green hydrogen. pic.twitter.com/Rsw9dJRhdU
— Gautam Adani (@gautam_adani) July 21, 2023
The Adani Ports and Special Economic Zone (APSEZ) is developing a USD 700 million container terminal in the Port of Colombo, a major transhipment hub in South Asia.
The Adani group is also developing the Vizhinjam seaport project in Kerala, just 176 nautical miles from Colombo Port.
The conglomerate’s renewable energy company, Adani Green Energy, is setting up two 286 MW wind projects at Mannar and 234 MW at Pooneryn for an investment of US$500 million. The projects must be completed by December 2024.
Green hydrogen is the new project that the billionaire indicated without giving details.
Green hydrogen is considered cleaner than other forms of hydrogen because it is produced by splitting water using renewable energy. Hydrogen emits water vapor when it burns.
Adani New Industries Ltd (ANIL) aims to produce one million tonnes of green hydrogen by 2030.
(Except for the headline, this story has not been edited by DailyExpertNews staff and is being published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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