Gujarat to Introduce Draft New Green Hydrogen Policy within Two Months
The draft policy is anticipated to be prepared within the next two months, ensuing consultations with stakeholders and compliance with the guidelines of the Ministry of Environment, Forest, and Climate Change.
May 29, 2023. By EI News Network
India’s aspirational objective of minimising carbon emissions by 45% by 2030, the Gujarat government is preparing to develop an all-inclusive policy for green hydrogen production.
The draft policy is anticipated to be prepared within the next two months, ensuing consultations with stakeholders and compliance with the guidelines of the Ministry of Environment, Forest, and Climate Change.
A senior official said with GUVNL, “GUVNL is in the process of formulating a draft Green Hydrogen policy to promote and facilitate the development of Green Hydrogen projects,". “We had one-on-one meetings with stakeholders from May 16-24 May 2023."
The commencement of green hydrogen is set to transform the industrial scenario in Gujarat, making a crucial minimisation in carbon emissions extracting from diminished consumption of fossil fuels, such as natural gas and coal, which are presently utilised for grey hydrogen production.
With more than 98% of hydrogen presently used in refineries and fertilizers, setting up green hydrogen plants in these areas or their vicinity would be a natural progression.
To incentivize green hydrogen investments, the Gujarat government has declared a land allocation policy that avails several advantages to companies investing in the state’s green hydrogen projects.
According to the policy, companies must fulfill 50% of their green hydrogen manufacturing capacity within five years of the plant commencing and attain 100% capacity within eight years.
Availability of land, water resources, transmission and evacuation facilities, and port connectivity will be essential factors in ascertaining the location of green hydrogen plants.
The Land Policy-2023 of Gujarat targets to attain a production target of three million tonnes annually, deriving an increased requirement of 165 billion units of renewable energy.
The state’s overall power requirement for the financial year 2022-23 is estimated to be 120 billion units.
please contact: contact@energetica-india.net.
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