Ashoka Buildcon to Invest in Green Hydrogen Plant in Bihar
Key Ideas
- Ashoka Buildcon plans to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar, with a focus on renewable energy.
- The plant will utilize a 1,250 MW solar project to produce green hydrogen by splitting water, aiming for cleaner energy production.
- The first phase of the project is set to be in Begusarai, with an estimated timeline of 1.5-2 years for completion.
- This initiative reflects a commitment to sustainable practices and marks a significant step towards green energy generation in the region.
Ashoka Buildcon, a construction engineering company, is set to invest Rs 9,000 crore in establishing a green hydrogen plant in Bihar. The company has signed an agreement with the state government to kickstart this initiative at the Bihar Business Connect 2024 event. By leveraging a 1,250 MW solar project, Ashoka Buildcon plans to use clean electricity to produce green hydrogen through water electrolysis. This move towards green hydrogen aligns with the company's commitment to sustainable energy practices and signifies a shift towards cleaner energy sources. The first phase of the plant will be located in Begusarai, Bihar, with an expected timeline of 1.5-2 years for completion, following necessary approvals. With a strong focus on renewable energy and infrastructure development, Ashoka Buildcon's investment marks a significant step in promoting green energy generation in the region. This project not only highlights the potential for green hydrogen production but also showcases the company's dedication to environmental conservation and sustainable growth.