The Asian Development Bank (ADB) and the Government of Japan have signed financing agreements with AM Green Ammonia (India) Private Limited for the development of a 1.1 million tonne per annum (TPA) green ammonia production facility in Kakinada, Andhra Pradesh. The financing includes a $100 million loan from the Leading Asia’s Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency and administered by ADB.
The project will involve converting a former natural gas-based ammonia and urea production facility into a renewable energy-powered green ammonia plant. The facility will be developed in two phases, each with an annual production capacity of 547,500 tonnes. Furthermore, the investment marks the first financing under the Action for Creating Energy Security for Long-term Resilience initiative, launched by ADB and Japan in May 2026 to support energy security and build sustainable energy systems.
Earlier, in September 2026, ADB signed transaction advisory services with the Government of Madhya Pradesh for the development of three renewable energy projects through public-private partnerships, which are expected to attract up to $1 billion in private investment.
