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.
- The company will set up a 1,250 MW solar project to produce green hydrogen, starting with a phase in Begusarai.
- The project is expected to take 1.5-2 years to commission, with future phases to follow, showcasing the company's commitment to renewable energy.
- With a strong order book and past successful projects, Ashoka Buildcon is poised to make a significant impact in the green energy sector.
Ashoka Buildcon, a construction engineering company, announced its plan to invest Rs 9,000 crore in establishing a green hydrogen plant in Bihar, India. This investment was formalized through a memorandum of understanding with the state government during the Bihar Business Connect 2024 event. The company, known for its work in highway construction, power distribution, and solar projects, will undertake a 1,250 MW solar project to generate clean electricity for producing green hydrogen through water electrolysis. The initial phase of the plant will be located in Begusarai, Bihar. Green hydrogen is hailed as one of the cleanest energy sources, producing only water when utilized. The project is expected to be completed in phases, with the first phase anticipated to take 1.5-2 years for commissioning once all clearances are obtained. The company's strong order book, which includes significant projects in roads, railways, and power transmission and distribution, reflects its expertise and capacity in the infrastructure sector. Notable projects like the construction of a link road to the Navi Mumbai International Airport and a 150 MW solar power plant for NTPC in Rajasthan highlight Ashoka Buildcon's commitment to sustainable and innovative solutions in the renewable energy domain.
Topics
India
Renewable Energy
Infrastructure
Investment
Green Energy
Solar Projects
Bihar
Construction Engineering
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