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Economic Times
07-08-2025
- Business
- Economic Times
Industry sees boost from low green ammonia prices
Synopsis India's first green ammonia auctions have delivered significantly lower prices, giving a push to the country's clean hydrogen plans. NTPC Renewable Energy, ACME Cleantech, and Oriana Power won bids to supply a total of over 200,000 tonnes annually at ₹51.80–₹55.75 per kg under the SIGHT scheme. IANS The low prices for green ammonia, a derivative of green hydrogen, discovered in initial tenders for supply to fertiliser producers provides a much-needed boost and renews focus on its long-term potential, industry experts said. NTPC Renewable Energy won the bid to supply 70,000 tonnes of green ammonia annually at ₹51.80/kg (about $0.62/kg) while ACME Cleantech won the contract for 75,000 tonnes at ₹55.75/kg (around $0.67/kg). Oriana Power will supply 60,000 tonnes. These prices were discovered in reverse auctions for three of the 13 fertiliser units under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. Demand for these units was aggregated by Solar Energy Corporation of India at 724,000 tonnes of green ammonia annually. Auctions for the remaining units will continue till this month-end, said a government official."The recent winning auctions for green ammonia and the low price bode well for Indian green hydrogen ecosystem," said Hemant Mallya, fellow, Council on Energy, Environment and Water (CEEW).SECI termed the bids as "globally competitive record-low price", setting new benchmarks for green hydrogen derivatives worldwide. NTPC's price translates to $591/tonne, Acme at $641/tonne and Oriana at $596.23/tonne. Though not directly comparable, the price discovered in the last tender a year ago was at $1,153/tonne on cost and freight (CFR) basis in the H2Global ammonia prices, which are currently trending lower than the clean or green variant, is at about $400/tonne, though it had reached $515/tonne in March, according to industry experts."The competitive tariffs discovered in these auctions are driven by decline in cost of renewable power (including energy storage), electrolysers as well as available Production Linked Incentive (PLI)," said Pranav Master, senior practice leader and director - energy & sustainability at Crisil Intelligence. "These tariffs imply a premium of 15%-25% to grey ammonia, marking a rapid convergence," he added.
Time of India
26-06-2025
- Business
- Time of India
Steel makers seek easing of clean energy rule
Large steel makers have sought changes to the Renewable Consumption Obligation (RCO) regime, proposing a downward revision in the mandatory share of renewable energy in their consumption and exclusion of electricity generated from waste heat gases from the ambit of RCO. Steel producers have also urged the government to exclude transmission losses from RCO calculations to improve resource optimisation and reduce financial burdens, people familiar with the development said. Steel producers are mandated to meet 33.01 per cent of their total captive electricity consumption from renewable sources in the current financial year, up from 29.91 per cent in FY25. Their RCO target will rise to 43.33 per cent by 2030. The power and steel ministries are examining steelmakers' requests, a government official said. The industry had approached the ministries earlier this month. Waste heat gases are produced in the blast furnace during the steelmaking process, and companies utilise these gases to generate electricity for their consumption. It helps steelmakers dispose of these greenhouse gases (GHG) without releasing them into the atmosphere, thereby preventing an increase in GHG levels. It also helps reduce consumption of energy from external sources, they noted. RCO is calculated based on the total captive electricity generated and self-consumed, and excluding waste heat recovery (WHR) from its scope would bring down the RCO obligation. "For any industrial unit, excluding WHR reduces the total fossil fuel-based power consumption quantum of a consumer, thereby reducing the overall requirement to purchase renewable power to meet RCO target," said Pranav Master, senior practice leader and director at Crisil Intelligence. The Centre has approved eight methodologies under the Offset Mechanism. These include renewable energy (including hydro and pumped storage), green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation and reforestation.
Time of India
25-06-2025
- Business
- Time of India
Steel companies seek easing of clean energy rule
Large steel makers have sought changes to the Renewable Consumption Obligation (RCO) regime, proposing a downward revision in the mandatory share of renewable energy in their consumption and exclusion of electricity generated from waste heat gases from the ambit of RCO. Steel producers have also urged the government to exclude transmission losses from RCO calculations to improve resource optimisation and reduce financial burdens, people familiar with the development said. Steel producers are mandated to meet 33.01% of their total captive electricity consumption from renewable sources in the current financial year, up from 29.91% in FY25. Their RCO target will rise to 43.33% by 2030. The power and steel ministries are examining steelmakers' requests, a government official said. The industry had approached the ministries earlier this month. Waste heat gases are produced in the blast furnace during the steelmaking process, and companies utilise these gases to generate electricity for their consumption. It helps steelmakers dispose of these greenhouse gases (GHG) without releasing them into the atmosphere, thereby preventing an increase in GHG levels. It also helps reduce consumption of energy from external sources, they noted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Klik Di Sini Undo RCO is calculated based on the total captive electricity generated and self-consumed, and excluding waste heat recovery (WHR) from its scope would bring down the RCO obligation. "For any industrial unit, excluding WHR reduces the total fossil fuel-based power consumption quantum of a consumer, thereby reducing the overall requirement to purchase renewable power to meet RCO target," said Pranav Master, senior practice leader and director at Crisil Intelligence. The Centre has approved eight methodologies under the Offset Mechanism. These include renewable energy (including hydro and pumped storage), green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation and reforestation.
