Govt unveils guidelines for green hydrogen production, electrolyser manufacturing
- June 30, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Govt unveils guidelines for green hydrogen production, electrolyser manufacturing
Subject :Schemes
Concept :
- The Ministry of New and Renewable Energy (MNRE) has released the framework document for the first tranche of incentive schemes for manufacturing of electrolysers and production of Green Hydrogen.
- The two incentive schemes have a total financial outlay of Rs 17,490 crore and will be implemented by the MNRE through Solar Energy Corporation of India (SECI) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
- While Component I, which envisages offering incentives for electrolyser manufacturing, has a financial outlay of Rs 4,440 crore, Component-II, which seeks to provide support for Green Hydrogen production has an outlay of Rs 13,050 crore.
- Both the schemes will be implemented during the period FY 2025-26 and FY 2029-30.
Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme
- The SIGHT programme is a major financial measure under the National Green Hydrogen Mission with an outlay of Rs 17,490 crore.
- The programme proposes two modes of providing financial incentive mechanisms to support domestic manufacturing of electrolysers and production of Green Hydrogen — bidding on the least incentive demanded over the three-year period through a competitive selection process and the implementing agency will aggregate demand and call for bids for procurement of Green Hydrogen and its derivatives at the lowest cost.
- The frameworks released by the MNRE on Wednesday are for the first mode of providing incentives for green hydrogen production and electrolyser manufacturing. MNRE Secretary Bhupinder Singh Bhalla said that the framework for inviting bids under the demand aggregation mode will be released later.
For futher notes on Green Hydrogen and Mission, refer – https://optimizeias.com/green-hydrogen-mission-gets-cabinet-nod-initial-outlay-rs-19744-crore/