BuzzingBuzz.com

"Your Daily Dose of Buzzworthy Content!"

Green Hydrozen Mission: Preparation to provide assistance of Rs 13,050 crore for green hydrogen, can get help of Rs 50 per kg

ByTeam BB

Apr 6, 2023


Green Hydrogen Support: The central government has planned to provide assistance of Rs 13,050 crore out of Rs 19,744 crore under the National Green Hydrogen Mission. It plans to provide a total assistance of Rs 17,490 crore to produce green hydrogen and electrolysers under the mission announced in February. Out of this, Rs 4,440 crore will be allocated for the construction of the electrolyser.

For green hydrogen, the government plans to provide a subsidy of up to Rs 50 per kg in the first year, which will later be brought down and capped at Rs 30 per kg in the third year. It has been said in the report that the government will give assistance on green hydrogen per kilogram.

Complete plan to provide assistance on green hydrogen

A draft states that the beneficiaries of the central government scheme will be selected through a competitive bidding process. During the first year, the assistance from the government will be more and later it will gradually decrease. Under this scheme, the applicants should have experience of developing at least 500 MW power capacity.

How much green hydrogen is planned to be produced

During the last four years, 5 lakh tonnes of ammonia or methanol and one lakh hydrogen will be produced. This incentive scheme will close in the financial year 2026. The Bloomberg report states that 4 lakh tonnes of capacity will be produced in the first and third quarter of FY 2024 and 4 lakh tonnes in the first quarter of the next financial year 2025.

paisa reels

Plan regarding electrolyzer

The Center is planning to allocate Rs 4,440 crore for a period of five years for the electrolyser manufacturing. It is likely to be Rs 4,440 per kWh during the first year, which will reduce every year. To participate in this, applicants should have experience of generating at least 100 MW in the last two years.

Explain that the Union Cabinet has approved the National Green Hydrogen Mission in January with an initial expenditure of Rs 19,744 crore. 17,490 crore for strategic interventions in green hydrogen transition to support domestic manufacturing, 1466 crore for pilot projects etc.

read this also

High Milk Prices: Due to expensive milk, the price of dairy products increased, the government is considering imports to give relief



Source link