Bhubaneswar: Odisha took another major step towards positioning itself as a global green energy destination on Friday by signing a Memorandum of Cooperation (MoC) with ACME Group and Japan’s IHI Corporation for three large-scale clean energy projects involving an investment of ₹67,000 crore.
The proposed projects, to be developed at Paradip and Gopalpur, are expected to generate around 7,600 employment opportunities and strengthen Odisha’s ambition of emerging as a global hub for green energy and sustainable industrial development.
Speaking at an interaction with a Japanese business delegation at Lok Seva Bhavan, Chief Minister Mohan Charan Majhi said Odisha’s next phase of industrial growth would be driven by technology, innovation and the green economy. He said the state aims to transform itself into a “Global Green Hub” through the adoption of advanced technologies and environmentally sustainable industrialisation.
The cooperation agreement will facilitate investments in clean energy and related industrial projects while promoting technology transfer, sustainable manufacturing practices, employment generation and economic growth in the state.
Under the proposed investment plan, a 0.4 MTPA Green Ammonia Project will be established at Gopalpur with an investment of ₹20,000 crore, creating around 3,400 jobs. An additional ₹1,000 crore will be invested to develop a jetty-free floating terminal to support the project.
A second 0.8 MTPA Green Ammonia Project is planned at Paradip with an investment of ₹34,000 crore, generating approximately 3,600 jobs. The third project, a 0.1 MTPA Green Methanol Plant, will also come up at Paradip with an investment of ₹12,000 crore, creating around 600 employment opportunities.
Highlighting Odisha’s long-term vision, the Chief Minister said the state has already approved 12 major Green Hydrogen and Green Ammonia projects, expected to attract investments exceeding ₹2 lakh crore and create over 36,000 jobs. He said two green industrial corridors are being developed around Paradip, Kendrapada and Gopalpur to strengthen Odisha’s position in green steel production.
Majhi also noted that the state’s industrial momentum has accelerated since the Utkarsh Odisha business summit held earlier this year. He said projects worth over ₹10 lakh crore have been approved during the past one-and-a-half years, with industrialisation expanding across 29 districts, while efforts are underway to extend industrial development to every district of Odisha.
During the interaction, the Chief Minister invited IHI Corporation to establish a Japanese Green Engineering and Innovation Centre in Odisha and encouraged Mitsubishi Corporation to explore investment opportunities in green chemicals and sustainable fuels.
Senior representatives from IHI Corporation, Mitsubishi, ACME Group, TRL Krosaki, TYK Corporation, Indo Nissin, along with officials from the World Bank, International Finance Corporation (IFC) and Asian Development Bank (ADB), participated in the discussions.
