The initial allocation of ₹19,744 crore for the mission includes an outlay of ₹17,490 crore for the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), ₹1,466 crore for pilot projects, ₹400 crore for R&D, and ₹388 crore towards other mission components. The Ministry of New and Renewable Energy (MNRE) will formulate the scheme guidelines for implementation of the respective components.
The mission will result in the following likely outcomes by 2030: 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; over ₹800,000 crore in total investments; creation of over six lakh jobs; cumulative reduction in fossil fuel imports of over ₹100,000 crore; and abatement of nearly 50 MMT of annual greenhouse gas emissions, an official statement said.
The National Green Hydrogen Mission will help in decarbonisation 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.
Under the SIGHT programme, two distinct financial incentive mechanisms—targeting domestic manufacturing of electrolysers and production of green hydrogen—will be provided under the mission. The mission will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large scale production and/or utilisation of hydrogen will be identified and developed as green hydrogen hubs.
Furthermore, an enabling policy framework will be developed to support establishment of green hydrogen ecosystem. A robust standards and regulations framework will be also developed. Moreover, 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.
ALCHEMPro News Desk (DP)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
