V.O. Chidambaranar Port Authority Signs 28 Green Energy Deals Worth Over Rs 1.27 Lakh Crore

V.O. Chidambaranar Port Authority (VOCPA), located in Tuticorin, has announced the signing of 28 Memorandums of Understanding (MoUs) with leading players in the green energy sector. These agreements represent a collective investment exceeding Rs 1.27 lakh crore (over USD 15 billion).

Among the significant pacts, one is with Green Infra Renewable Energy Farms Private Limited (a Sembcorp group company) for a green ammonia storage facility, valued at Rs 25,400 crore. Another MoU is with ACME Green Hydrogen and Chemicals Private Limited for a 1,200 Metric Tons Per Day (MTPD) green ammonia project, costing Rs 12,000 crore. Additionally, CGS Energy Private Limited will develop a 300 Tons Per Day (TPD) green ammonia production facility with an investment of Rs 5,000 crore.

These projects are poised to significantly enhance VOCPA's status as a future-ready green hydrogen hub for Southern India, promoting port-driven industrialization and the integration of artificial intelligence into port operations. The investments are expected to generate substantial economic inflows and create numerous jobs. These agreements were formalized during the India Maritime Week 2025, underscoring the nation's commitment to renewable energy and decarbonisation targets.

Impact: This news is highly positive for India's renewable energy sector and infrastructure development, signaling strong government support and significant private investment. It could lead to substantial growth opportunities and increased investor interest in related companies. Rating: 8/10.

Difficult Terms: MoUs (Memorandums of Understanding): A preliminary agreement outlining the basic terms and understanding between parties before a final contract is established. Green Ammonia: Ammonia produced using renewable energy sources, used as a clean fuel and hydrogen carrier. Hydrogen Derivatives: Chemical compounds derived from hydrogen, such as ammonia, used in fuels and industry. MTPD (Metric Tons Per Day): A unit measuring the production or processing capacity of a facility daily. TPD (Tons Per Day): Similar to MTPD, indicating daily production capacity. Decarbonisation: The process of reducing or eliminating carbon dioxide emissions. Sustainable Maritime Operations: Shipping and port activities that minimize environmental impact.