₹19,744 cr green hydrogen mission gets cabinet nod
Mint Mumbai|January 05, 2023
The Union cabinet on Wednesday approved the national green hydrogen mission, allocating ₹19,744 crore to produce 5 million tonnes of green hydrogen annually by 2030.
Rituraj Baruah, Gulveen Aulakh & Saurav Anand
₹19,744 cr green hydrogen mission gets cabinet nod

Of the total allocation, the government would provide incentives worth ₹17,490 crore for producing electrolyzers and green hydrogen for five years, ₹1,466 crore for pilot projects, ₹400 crore for research and development, and ₹388 crore for other mission components, a government statement said, adding that the ministry of new and renewable energy (MNRE) will formulate the guidelines for implementation of the respective components of the scheme.

"The mission will provide a much-needed boost to encourage the green hydrogen industry. This intervention is even more significant because it comes at a time India has the G20 presidency, clearly showcasing India's commitment to lead the global energy transition," said Vineet Mittal, chairman of Avaada Group, a green energy developer.

Mint first reported the government's plans to develop a green hydrogen programme on 1 July 2021. On 24 October 2022, Mint had also reported that the national green hydrogen mission would be allocated around ₹20,000 crore.

The central government expects the mission to attract investments worth ₹8 trillion by 2030 and create about 600,000 jobs.

هذه القصة مأخوذة من طبعة January 05, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 05, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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