MNRE Rolls Out Incentive Scheme Guidelines for Green Hydrogen Production and Electrolyzer Manufacturing
SIGHT programme component I aims at providing electrolyzer manufacturing incentives with a total outlay of INR 4440 crore and component II focuses on green hydrogen production with financial outlay of INR 13050 crore. The capacity allocation for Tranche I is 450,000 MT per annum of green hydrogen.
June 30, 2023. By Anurima Mondal
According to the framework document, the objectives of SIGHT programme component I are to maximize indigenous electrolyzer manufacturing capacity, achieve lower levelized cost hydrogen production, ensure globally competitive performance and quality of products, progressively enhance domestic value addition and support established and promising technologies.
Meanwhile, SIGHT programme component II aims at maximising production of green hydrogen and its derivatives in India, enhance cost-competitiveness of green hydrogen vis-à-vis fossil-based alternatives and encourage large scale utilization of green hydrogen and its derivatives.
The scheme provides a direct incentive of INR 7/kg of green hydrogen production for a period of three years in which the incentives are capped at INR 50/kg, INR 40/kg and INR 30/kg in the first, second and third year respectively. The selection of beneficiaries involves a competitive bidding process and the incentives would be disbursed annually upon verification by MNRE.
The Solar Energy Corporation of India (SECI) would be the implementing agency responsible for the scheme’s execution and a scheme monitoring committee will oversee the implementation and performance of the awarded manufacturing capacities.
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