iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Adani Power spurts on signing MoU with IHI Corporation and Kowa Company

24 Mar 2022 , 12:20 PM

The parties aim to study the feasibility on a modification to achieve 20% liquid ammonia co-firing ratio and extend this to a ratio up to 100% mono-firing at the Adani Power Mundra Coal Fired Power Plant. Co-firing is the combustion of two different fuels aimed at increasing efficiency.

Adani Power (APL) aims to achieve greenhouse gas reduction targets by evaluating the possibility of potential implementation of ammonia as a fuel in thermal power generation that will utilize Green Hydrogen-derived ammonia in the existing thermal power plant. Kowa supported APL by conducting a global survey of hydrogen and ammonia-related technologies being utilised for power generation.

As per the companys press release, IHI Corporation has demonstrated its ammonia co-firing technology at a large-scale commercial coal-fired power plant in Japan and responded to many inquiries related to ammonia co-firing globally.

The parties, will consider the possibility of ammonia co-firing through the studies, aiming to de-carbonize APLs coal fired assets with the objective to potentially implement the technology in other coalfired units within India.

Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India.

The company reported a consolidated net profit of Rs 218 crore in Q3 FY22 as against a net loss of Rs 289 crore in Q3 FY21. Total income for Q3 FY 2022 was Rs 5,594 crore, down by 21% as against Rs 7,099 crore in Q3 FY 2020-21.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.