The Union Cabinet, chaired by Prime Minister Narendra Modi, on January 4 approved an initial outlay of Rs.19,744 crore for the National Green Hydrogen Mission, Union minister Anurag Thakur said. The aim is to make India a Global hub for the production, utilisation and export of Green Hydrogen and its derivatives.
The initial outlay for the mission will be Rs.19,744 crore, including an outlay of Rs.17,490 crore for the SIGHT programme, Rs .1,466 crore for pilot projects, Rs.400 crore for R&D, and Rs.388 crore towards other mission components.
The mission will have wide-ranging benefits- The most important one is the creation of export opportunities of green hydrogen and its derivatives, reduction in dependence on imported fossil fuels and feedstock, decarbonisation of industrial, mobility and energy sectors, creation of employment opportunities, and development of cutting-edge technologies, an official statement said.
Under this mission two types of incentives will be given- incentives will be given on electrolyser manufacturing for 5 years and incentive on production of green hydrogen. Green hydrogen hubs will also be developed, said Thakur.
Green Hydrogen Hub will be developed to bring buyers and producers under one roof, said Thakur.
The mission seeks to promote development of green hydrogen production capacity of at least 50 lakh tonnes per annum by 2030.
Other than this the Union Cabinet has also approved Sunni Dam Hydroelectric project worth Rs.2,614 crore. Rs.2,539 crore has been approved for modernisation of DD and AIR, including modernisation of equipment, FM transmitters, new studios etc.
All the concerned ministries, agencies, departments and institutions will take cautious and focused steps in order to and ensure success of the project.
The Ministry of New and Renewable Energy will be responsible for overall coordination and implementation of the Mission
