Page 146 - CW E-Magazine (9-7-2024)

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LONG TERM DEAL

SJVN inks renewable power supply MoU with AM

Green Ammonia

Himachal Pradesh-based public sector the world’s largest green ammonia plat- agreed to explore innovative commercial
fi rm, SJVN’s, wholly owned subsidiary, forms at Kakinada, Andhra Pradesh. The framework to ensure competitive tariff
SJVN Green Energy Ltd. (SGEL), has platforms shall be developed in two phases and adequate returns to SGEL including
signed a memorandum of understanding starting with a capacity of one-mn tons offering dollar denominated tariff. It has
(MoU) with AM Green Ammonia (India) per annum (mtpa) and ramping capacity been agreed that the parties shall enter
for the supply of renewable energy for the to 5-mn tons per annum by 2030, equiva- into a defi nitive agreement shortly so as
green ammonia plants in Andhra Pradesh. lent of 1-mtpa of hydrogen, it added. to formalise the further course of action.
SGEL is currently handling a RE portfolio
Under this MoU, the parties have SGEL will explore setting-up of of about 7.2 GW under various stages
agreed to cooperate with each other for 4,500 megawatt (MW) renewable energy of development i.e. operation, construc-
supply or sourcing of renewable energy projects in India including 2,500 to 3,000 MW tion & pre-construction. This MoU paves
on long term basis for the green ammo- of solar projects and 1,500 to 2,000 MW way towards SGELs fi rst venture into
nia plants on a mutually agreed terms and of wind projects over three phases which commercial & industrial segment, stated
conditions. shall ensure a supply of about 11,500-mn the company. SJVN is engaged principally
units on annual basis. engaged in electricity generation. The
AM Green Ammonia, a company un- company is also engaged in the business
der Greenko Group, is developing one of SGEL and AM Green Ammonia have of providing consultancy.

WIKA India receives ‘Sustainability Excellence Award’

WIKA Instruments India Pvt. Ltd., industry associations, conference
a wholly owned subsidiary of WIKA organisers, and other stakeholders.
Alexander Wiegand SE & Co. KG, “This recognition is a testament to
Germany, specialising in providing our continuous dedication to sustain-
pressure, temperature and level mea- able practices and our commitment to
surement technology solutions, bagged making a positive impact on the
the ‘Sustainability Excellence Award’ environment. This award acknowledges
at the 8th edition of the ‘Exhibition WIKA India’s exceptional efforts in
Excellence Awards & Summit (EEA) driving sustainability and setting new
2024’, held in Mumbai recently, to benchmarks in the industry,” said
recognise outstanding contributions to The event saw participation from Mr. Prashant Sinha, Head of Marketing,
the Indian exhibitions industry. over 600 exhibition organisers, WIKA India.

Ajay Pathik is new CEO of Ashtech’s Microfi ne

Products Division

Ashtech (India) Pvt. Ltd., a com- and construction sector. at Ultrafi ne Mineral &
pany specialising in fl y ash and other His previous positions Admixtures Pvt. Ltd. in
building materials, has announced include CEO and COO roles Mumbai.
the appointment of Mr. Ajay Pathik at companies specialising
as the CEO of its Microfi ne Products in specialty products as In his new role,
Division. well as signifi cant tenures Mr. Pathik will be responsi-
at Ambuja Cement Ltd. and ble for driving initiatives,
Mr. Pathik has over thirty years of LafargeHolcim Singapore. Most managing operations, and fostering
experience in the building materials recently, he held the position of CEO innovation in building materials.

146 Chemical Weekly July 9, 2024

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