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.
Denne historien er fra January 05, 2023-utgaven av Mint Mumbai.
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Denne historien er fra January 05, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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