Centre will Ensure India is Competitive in Green Hydrogen Export Market: R K Singh
GG News Bureau
New Delhi, 21st Oct. Union Minister of Power and New and Renewable Energy R. K. Singh conducted a meeting in New Delhi on October 19, 2023, with relevant ministries, green hydrogen developers, and industry associations.
The purpose of the meeting was to address the challenges faced by developers and explore ways in which the government can assist them.
During the meeting, Singh emphasized that the Ministry of Power and Ministry of New & Renewable Energy will collaborate with other ministries to ensure a favorable business environment for hydrogen developers.
He highlighted India’s potential as an emerging power, with a unified grid and significant renewable capacity, enabling the production of the most affordable green hydrogen globally.
Singh pledged the government’s commitment to support India’s competitiveness in green hydrogen production and achieving the targets set by the National Green Hydrogen Mission (NGHM).
The Ministry of New and Renewable Energy presented relevant issues, stating that the production of 1 million metric tonnes of hydrogen requires 25 GW of renewable power, while the production of 1 million metric tonnes of green ammonia requires 5 GW of renewable power.
Industry representatives were requested to provide information on the locations of their upcoming green hydrogen/ammonia plants and the corresponding withdrawal capacity needed.
This information will help in planning the necessary transmission infrastructure.
During the meeting, industry stakeholders raised concerns regarding SEZ policies, regulatory provisions for dual connectivity, contractual conditions, state-imposed demand charges, and other cost reduction issues related to green hydrogen production in India.
They requested prompt resolution of these issues to enable the production and supply of green hydrogen and its derivatives at globally competitive prices.
Singh assured the industry that their demands would be addressed, and the government would take necessary steps to resolve outstanding issues promptly.
He emphasized India’s commitment to becoming a competitive player in the export of green hydrogen and its derivatives while ensuring grid security. Key features of the NGHM, launched in January 2023, include a total budget of Rs. 19,744 crores.
The mission aims to produce 5 million tonnes of green hydrogen annually by 2030, accompanied by the addition of 125 GW of renewable energy.
The mission is expected to create 600,000 jobs, reduce CO2 emissions by 50 MMT per year, and attract investments worth Rs. 8 lakh crore.
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