Green hydrogen manufacturing likely to come under PLI scheme, says top govt official

Green Hydrogen Mission India: The government will bring in a production-linked incentive (PLI) scheme to give impetus to manufacturing of green hydrogen, Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy, told Zee Business in an exclusive interaction.

The Union Cabinet earlier this week approved an initial outlay of Rs 19,744 crore for the National Green Hydrogen Mission. It aims to make India a global hub for green hydrogen production and fuel cell technology. The government also announced that incentives will be given for 5 years for manufacturing electrolysers. 

The mission targets setting up of at least 5 million metric tonnes per annum of green hydrogen capacity with an associated renewable energy capacity of about 125 GW by 2030.

"Two distinct financial incentive mechanisms will be provided under the Mission -- targeting domestic manufacturing of electrolysers and production of green hydrogen. Detailed criteria will be issued soon so that companies can bid," he said, adding that the selection of companies will be done on the basis of guidelines.

When asked about the name of companies that have shown interest in participating in the mission, he said that around 7-8 companies have shown keen interest in manufacturing green hydrogen. "They have identified 7-8 locations as well and a few companies are also signing MoUs with states."

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The mission will be headed by the cabinet secretary and an empowered group of secretaries. The nodal department for the mission will be the Ministry of New and Renewable Energy. 

Meanwhile, Power and Renewable Energy Minister RK Singh has said that it will make India a leading producer and supplier of green hydrogen in the world. In a meeting with stakeholders on Thursday, he said that the mission would result in attractive investment and business opportunities for the industry, and contribute significantly to India's efforts towards decarbonisation and energy independence.

It will also create employment opportunities and lead to economic development, he added.

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Centre approves Rs 19,744 crore Green Hydrogen Mission