Goal Is To Reduce Cost Of Energy And Adopt Green Energy : CM

Vijayawada:Chief Minister Nara Chandrababu Naidu has emphasised the growing importance of green hydrogen as a clean energy source, in light of increasing concerns over global warming.

Speaking at the Green Hydrogen Summit held at SRM University in Amaravati on Friday, the chief minister called on electricity generation companies to prioritize research and development in this promising sector.

Naidu lauded SRM University-AP for organising the green hydrogen summit, calling it a historic step towards building a sustainable and energy-secure future. “I have come here to learn and adopt innovations to reduce the cost of energy and go for green energy to tackle the problem of global warming,” Naidu said.

He said, “Based on your recommendations, we will start working towards making Andhra Pradesh, India’s Hydrogen Valley by converging technology, infrastructure, and innovation.”

The chief minister praised Prime Minister Narendra Modi for his visionary leadership in India’s clean energy transition, stating that the country is well-positioned to become a global leader in green hydrogen. He emphasised the importance of establishing synergy between the government, tech infrastructure, and industry players.

“We want India to prove to the world that clean energy can be scalable and profitable. Through clean hydrogen and its derivatives, we are aiming for decarbonisation, and we are also going to discuss circular economy, recycling of water, and energy recovery.”

In this sector, Naidu said, “AP wants to play a major role. We have advantages like solar, wind, pumped energy, and a long coastline where port facilities can be used for exporting green hydrogen, ammonia, and so on. In the near future, we want to build a port for every 50km in the state, making it a logistics hub.”

“With a 10 lakh crore investment target, we have announced the Integrated Clean Energy Policy. This initiative will also generate 7.5 lakh jobs. It also aims to produce 1.5 million metric tonnes of green hydrogen and its derivatives per annum, 3 GW capacity of electrolyser manufacturing alongside solar energy, wind energy and pumped energy storage,” he said.

Citing the National Hydrogen Mission’s ambitious targets of 5mmt of non-fossil fuel energy by 2030 and net-zero emissions by 2070, Naidu affirmed Andhra Pradesh’s readiness to play a leading role. “Our state has all the strengths such as solar, wind, pumped storage, and a 1,000-km-long coastline ideal for exports,” he said, adding that “AP is providing the best incentives for clean energy investors.”

Two transformative MoUs were signed during the summit. Yamna (UK), represented by Gal Bogin, would establish a 1 MMTPA green ammonia project at Krishnapatnam with an investment of `16,000 crore. JKSH and Hynfra, represented by Tohomo Umeda, will invest `35,000 crore in a project at Machilipatnam comprising 150 KTPA green hydrogen and 600 KTPA green ammonia. Together, these mega-projects might create over 10,500 green jobs. The MoUs were facilitated by NREDCAP and the AP energy department.

Rural development minister P Chandra Sekhar, NITI Aayog member VK Saraswt, president of SRM University P Sathyanarayanan, chief secretary K Vijayanand, scientists, policy makers and innovators were present.