Daily News Wrap-Up: Ministry Unveils ₹175 Billion Green Hydrogen Program
HPCL floats consultancy tender for 100 MW of solar projects in Andhra Pradesh
June 30, 2023
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The Ministry of New and Renewable Energy released a framework document outlining incentive programs for the manufacturing of electrolyzers and the production of green hydrogen within the country, with a combined financial outlay of ₹174.9 billion (~$2.1 billion). The framework document outlines two components of the incentive programs. Component I focuses on providing electrolyzer manufacturing incentives, with a financial outlay of ₹44.4 billion (~$541.2 million), and Component II aims to support Green Hydrogen production, with a substantial outlay of ₹130.5 billion (~$1.6 billion).