Reliance, ACME, seven others selected for govt sops to set up green hydrogen production facilities – EQ
In Short : Reliance Industries, ACME Group, and seven other entities have been selected to receive government incentives for establishing green hydrogen production facilities. This move aims to promote the development of green hydrogen, a sustainable energy source, and supports efforts to transition towards cleaner and more environmentally friendly fuel options in India.
In Detail : Reliance Green Hydrogen and Green Chemicals, ACME Cleantech Solutions and Greenko Zero are among the nine companies that have emerged as successful bidders for government incentives to set up facilities to produce up to 4.50 lakh tonnes of green hydrogen.
On July 10, state-owned Solar Energy Corporation of India (SECI) had invited bids for selection of green hydrogen producers for setting up production facilities for 4,50,000 tonnes of green hydrogen under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Mode-1-Tranche-I).
As many as 12 bids from companies were eligible for incentives to set up production facilities of 5,49,500 tonnes of green hydrogen, against the offered capacity of 4,50,000 tonnes.
An SECI statement dated January 9 said Reliance Green Hydrogen and Green Chemicals Ltd have been selected to receive incentives for producing 90,000 tonnes of green hydrogen at a three-year average of Rs 18.9 per kg.
Similarly, ACME Cleantech Solutions Private Ltd and Greenko ZeroC Private Ltd have been given incentives for production of 90,000 tonnes each at a three-year average of Rs 30 per kg.
Torrent Power has won the sops for 18,000 tonnes of capacity at an average rate of Rs 28.89 per kg, while HHP Two Private Ltd has won incentives for production of 75,000 tonnes at an average rate of Rs 25.04 per kg and Welspun New Energy has the advantage to produce 20,000 tonnes at the rate of Rs 20 per kg of green hydrogen.
Moreover, CESC Projects Ltd will get incentives for 0.500 tonnes of production and UPL Ltd for 10,000 tonnes of capacity.
JSW Neo Energy Ltd has been selected to get government subsidies for production of 6,500 tonnes at an average rate of Rs 34.66 per kg of green energy.
In total, these nine companies have been given incentives to set up 4,10,000 tonnes of green hydrogen production facilities under Bucket-1 (Technology Agnostic Pathways).
Sembcorp Green Hydrogen India Private Ltd, Avaada GreenH2 Private Ltd and GH4INDIA Private Ltd have not been awarded any incentives in this category.
Sembcorp Green Hydrogen India had quoted the three-year average incentive of Rs 36 per kg, while Avaada GreenH2 and GH4INDIA Private Ltd had quoted Rs 39 per kg and Rs 40 per kg respectively.
Also, state-owned refiner Bharat Petroleum Corporation Ltd has been selected to receive incentives of an average of Rs 30 per kg to set up a 2,000 tonne production facility under Bucket-2 (biomass-based routes).
In January last year, the Union Cabinet had approved the National Green Hydrogen Mission (NGHM) with an outlay of Rs 19,744 crore, aimed at making India a global hub for production of this clean energy source.
The mission is expected to lead to the development of 5 million tons of green hydrogen annually by 2030.
The mission aims to develop India as a global hub for the production, use and export of green hydrogen and its derivatives. It is expected to promote multilateral engagements and collaborations with various international hydrogen and fuel cell efforts.
The mission envisages setting up two green hydrogen hubs in the initial phase.
The Ministry of Ports, Shipping and Waterways has identified three major ports – Deendayal, Paradip and VO Chidambaranar (Tuticorin) ports – to be developed as hydrogen hubs.
