MNRE launches scheme to incentivise production of green hydrogen
- The Union Ministry of New and Renewable Energy (MNRE) in India has unveiled guidelines and incentives under the National Green Hydrogen Mission to promote green hydrogen procurement.
- Under the mission, Rs 17,490 crore has been set aside for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme.
The Strategic Interventions for Green Hydrogen Transition (SIGHT) Program
- Objective: To boost domestic electrolyser manufacturing and green hydrogen production.
- The incentives are designed to facilitate cost reduction and rapid expansion.
- Green hydrogen is crucial for removing sulphur content in crude oil to produce petrol and diesel.
- Implemented under Mode-2B, the scheme involves aggregating demand and soliciting bids for green hydrogen through a competitive selection process.
Oil and Gas Entities' Role
- The execution of the scheme will be entrusted to agencies nominated by the Union Ministry of Petroleum and Natural Gas, primarily oil and gas companies.
- Oil and gas entities, guided by the Centre for High Technology (CHT), will seek competitive bids for green hydrogen.
- To qualify for incentives, bidders must meet the criteria outlined in the 'National Green Hydrogen Standard.'
- CHT will provide secretarial, managerial, and implementation support.
Monitoring and Review
- A scheme monitoring committee, co-chaired by the secretaries of MoPNG and MNRE, will periodically review the implementation and performance of capacities awarded.
- The committee will also recommend measures to address challenges.
Prelims Takeaway
- SIGHT Program
- National Green Hydrogen Mission
- Green Hydrogen