Centre approves Green Hydrogen Mission, allocates Rs 19,744 crore
The Mission will facilitate demand creation, production, utilization and export of green hydrogen.
In Short
- It will support pilot projects in emerging end-use sectors
- An enabling policy framework will be developed
- A public-private partnership framework will be facilitated
The Central government on Wednesday approved the National Green Hydrogen Mission with an initial outlay of Rs.19,744 crore. The Information and Broadcasting Minister Anurag Thakur informed about the developments following a Cabinet meeting during the day.
The initial outlay of Rs.19,744 crore, includes an estimate of Rs 17,490 crore for the SIGHT programme, Rs 1,466 crore for pilot projects, Rs 400 crore for research and development and Rs 388 crore towards other mission components. The Ministry of New and Renewable Energy (MNRE) will formulate the scheme guidelines for the implementation of the respective components.
“The mission will have wide-ranging benefits, creation of export opportunities for green hydrogen and its derivatives; decarbonization of industrial, mobility and energy sectors; reduction in dependence on imported fossil fuels and feedstock; development of indigenous manufacturing capabilities; creation of employment opportunities; and development of cutting-edge technologies,” Thakur said.
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India’s green hydrogen production capacity is likely to reach at least 5 MMT per annum, with an associated renewable energy capacity addition of about 125 GW. The targets by 2030 are likely to bring in over Rs. 8 lakh crore investments and create over 6 lakh jobs. Nearly 50 MMT per annum of CO2 emissions are expected to be averted by 2030.
The Mission will facilitate demand creation, production, utilization and export of Green Hydrogen.
Under the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of Green Hydrogen – will be provided under the mission.
It will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large-scale production and or utilization of Hydrogen will be identified and developed as Green Hydrogen Hubs.
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An enabling policy framework will be developed to support the establishment of the green hydrogen ecosystem. A robust standards and regulations framework will also be developed.
Further, a public-private partnership framework for R&D (Strategic Hydrogen Innovation Partnership – SHIP) will be facilitated under the Mission; R&D projects will be goal-oriented, time-bound, and suitably scaled up to develop globally competitive technologies.
A coordinated skill development programme will also be undertaken under the Mission.
All concerned Ministries, Departments, agencies and institutions of the Central and State Governments will undertake focussed and coordinated steps to ensure successful achievement of the mission objectives, the minister said.
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