Adani Power has announced a partnership with Japan’s IHI Corporation and Kowa Corporation for a pilot project that aims to co-fire green ammonia at its Mundra plant.

What Happened: The announcement came on Wednesday morning. The project involves the Mundra plant co-firing up to 20% green ammonia in the boiler of a conventional coal-fired 330-megawatt unit. This initiative is part of the Japan-India Clean Energy Partnership (CEP) and has been selected under the New Energy and Industrial Technology Development Organization’s (NEDO) initiative.

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Green ammonia, a carbon-neutral substitute to fossil fuels, will be used as the feedstock for the boilers. Its zero CO2 emission during combustion adds to the project’s eco-friendly appeal. “We are happy to partner with IHI and Kawa for blending green ammonia for our Mundra plant, which will reduce CO2 emissions,” said Anil Sardana, managing director, Adani Power.

Why It Matters: This green initiative by Adani Power comes on the heels of another eco-friendly venture by Adani Total Gas Limited, another Adani Group company. On Tuesday, the company launched a project in Ahmedabad, Gujarat, to blend green hydrogen with natural gas, aiming to provide a greener energy alternative to over 4,000 residential and commercial consumers.

The Adani Group stocks continued their bull run on Wednesday, with all 10 listed stocks surging in the green. This follows the Supreme Court’s recent conclusion of hearings on multiple petitions seeking an investigation into allegations of accounting fraud and stock manipulation against the Adani Group.

Price Action: Adani Power’s share price was up 1.20% to trade at ₹451.55 in the early hours of trading on Wednesday.

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