Union Minister of New and Renewable Energy, Pralhad Joshi has said that the exchange of Green Ammonia Purchase Agreements and Green Ammonia Supply Agreements marks an important step in strengthening India’s energy security, especially at a time when the world is facing uncertainty. He was addressing the Exchange of Green Ammonia Agreements for the fertiliser sector under the National Green Hydrogen Mission at Atal Akshay Urja Bhawan in presence of Union Minister of Health & Family Welfare and Chemicals & Fertilisers J. P. Nadda, and Union Minister of State Shripad Naik.
Joshi highlighted that under the leadership of the Prime Minister Narendra Modi, India has demonstrated that economic growth and climate action can move together at scale and at speed. He noted that India is today one of the fastest growing renewable energy markets in the world and is on track to achieve 500 GW of non-fossil fuel capacity by 2030.
The exchange of agreements between industry, SECI and fertilizer companies, with a tenure of 10 years, marks a key milestone towards operationalising these projects, the minister said. The long-term agreements provide demand certainty, enable financial closure and support large-scale investments in green ammonia production.
Joshi emphasised that energy security is closely linked to national security and highlighted the importance of reducing import dependence in critical sectors. He stated that replacing imported grey ammonia with green ammonia will strengthen domestic capability and build resilient supply chains. The initiative is expected to result in foreign exchange savings of approximately $2.5 billion over a period of 10 years through substitution of imported grey ammonia in non-urea based fertilizer units.
He further noted that the next phase of India’s energy transition will focus on hard-to-abate sectors such as fertilizers, refineries, steel and transport, where green hydrogen and its derivatives will play a critical role.
