New Delhi, Oct. 15 -- The Asian Development Bank (ADB) and the government of Japan have signed a financing agreement with AM Green Ammonia-a firm backed by the founders of Greenko-for its 1.1-million-tonne green ammonia project in Kakinada, Andhra Pradesh.

In a statement, the ADB said the investment includes a $100 million loan from its Leading Asia's Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency (JICA).

"The Asian Development Bank and the government of Japan have signed financing agreements with AM Green Ammonia (India) Private Limited to help build one of the world's largest plants to make ammonia using renewable energy in India, marking the first investment under the Action for Creating Energy ...