Tender by first half of 2023-24 Under Green Hydrogen Mission

The Government of India approved the National Green Hydrogen Mission in the month Jan. 2023 with the initial outlay of Rs.19,744 crore, including an outlay of Rs.17,490 crore for the SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, Rs.1,466 crore for pilot projects, Rs.400 crore for R&D, and Rs. 388 crore towards other Mission components.

In a step towards this Mission the government will soon  issue guidelines and also issue  tender for incentives by the first half of the next financial year, as per media reports.

A draft of  the incentive schemes is under preparation and consultation would also begin soon.

The government wants to issue the guidelines and tender at the earliest and with complete clarity to enable companies to plan efficiently to  produce green hydrogen. The mission aims to lift India’s green hydrogen production capacity to at-least 5 million tonnes per year, with associated renewable energy capacity addition of about 125 GW.

Last month, the European Investment bank announced indicative euro one billion funding to support large -scale green hydrogen hubs and projects across India.

A look at the outcomes of the `Mission’ 2030:

1.Total investments of over Rs. Eight lakh crore.

2.Development of green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country.

3.Generating over Six lakh jobs.

4.Cumulative reduction in fossil fuel imports over Rs. One lakh crore.

5.Mitigation of nearly 50 MMT of annual greenhouse gas emission.