The agreement to explore opportunities in green hydrogen potential in India will see Greenko group and Singapore’s Keppel Infrastructure working towards a 2,50,000 tonne per annum contract to be supplied to Keppel’s new 600Mw power plant in Singapore.

Further, the contract for the export of green ammonia would also expand to cover bunker fuel through the Keppel network in Singapore’s network of bunker fuel supplies to ships, said Mahesh Kolli, President and Joint Managing Director of Greenko Group.

Likewise, Greenko’s wide range of investments includes USD 5 billion in the storage of carbon-free green hydrogen energy across India, said Kolli.

“India will be exporting energy for the first time from 2025,” said Kolli, after Greenko and Keppel Infrastructure signed the MoU on the sidelines of the Singapore International Energy Week which began on Tuesday.

Elaborating, Kolli said Greenko would participate in green hydrogen exports from 2025-26 onwards, estimating global demand of 50 million tonnes a year globally, including 15 million tonnes replacing bunkers fuels in ships.

The green ammonia will fuel newly built ships, including a fleet ordered by the international shipping group Maersk.

“This is the first time we are making lowest cost carbon-free energy which means this energy is of high quality,” he stressed.

Last month, Greenko signed a deal to supply one million tonnes a year of green ammonia supply to South Korean steel and power producer, Posco. The delivery is also expected from 2025-26 onwards.

In total, Greenko is planning to produce close to three million tonnes of green ammonia, which will also cover domestic demand, he said.

Greenko’s green ammonia will help reduce India’s imports of about six million tonnes of ammonia and urea, he added.