Paradip Port Green Hydrogen Jetty Approved with Rs 797 Crore Investment
The Ministry of Ports, Shipping and Waterways has given its official approval for the development of a specialized jetty and allied infrastructure at Paradip Port in Odisha. This significant project is dedicated to handling green hydrogen, ammonia, and various other liquid cargoes, with an estimated total cost of Rs 797.17 crore.
Project Execution and Key Details
The Paradip Port Authority (PPA) will be responsible for executing this ambitious initiative on a build-operate-transfer basis. According to port authorities, the announcement was made public on Thursday, highlighting the strategic importance of this development.
PPA Chairman P L Haranadh provided comprehensive details about the proposed facility. The jetty is designed to have an impressive handling capacity of four million tonnes per annum. This substantial capacity is expected to play a crucial role in establishing Paradip as a premier hub for green-energy cargo in the region.
Infrastructure Components and Financial Support
The project encompasses a wide range of infrastructure elements essential for efficient cargo operations. These include a dedicated jetty structure, advanced storage systems, specialized pipelines, modern handling equipment, and various other supporting facilities.
In terms of financial arrangements, the port authority has committed to providing 20% capital support during the construction phase. This amounts to Rs 159.43 crore of the total project cost, demonstrating the authority's strong commitment to this green energy initiative.
Timeline and Strategic Importance
Chairman Haranadh emphasized that the project has a targeted completion timeline of 24 months from commencement. This relatively swift implementation schedule reflects the urgency and importance placed on developing green energy infrastructure in India's port sector.
The development of this dedicated jetty represents a significant step forward in India's efforts to position itself as a leader in green energy logistics and transportation. By creating specialized infrastructure for green hydrogen and ammonia handling, Paradip Port is poised to become a critical node in the country's emerging green energy supply chain.
This investment aligns with broader national initiatives to promote sustainable energy solutions and reduce carbon emissions in the maritime and industrial sectors. The project's approval signals growing confidence in green hydrogen as a viable energy alternative and underscores the government's commitment to developing supporting infrastructure for this emerging industry.
