New Delhi: As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2 have submitted bids under the green hydrogen transition scheme. The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore.
According to a statement by the bid coordinator, Solar Energy Corporation of India (SECI), the technical bids for incentives for green hydrogen production capacity of about 4,50,000 tonnes under the second tranche of the scheme was opened on Monday. The scheme provides for maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in third year. Thus, the maximum benefit available under the Tranche II is about Rs 5,400 crore.
Under bucket I, the SECI received bids for 6,20,000 tonnes against the available capacity of 4,50,000 tonnes. Similarly, under bucket II, bids for 6,500 tonnes were received against the available capacity of 40,000 tonnes. An official said under-requisitioned capacity under bucket II can be transferred to bucket I, as per the bid document.
Under the bucket I, the maximum quantity of 90,000 tonnes each was claimed by Reliance Green Hydrogen and Green Chemicals, Waaree Clean Energy Solution, AM Green Ammonia (India), Green Infra Renewable Energy Farms and L&T Energy Green Tech. ReNew E-Fuels has bid for 55,000 tonnes, followed by Avaada GreenH2 at 45,000 tonnes, Ocior Energy India at 20,500 tonnes and Suryadeep KA1 Project at 19,000 tonnes.
GH2 Solar has bid for 10,500 tonnes while Matrix Gas and Renewables as well as Oriana Power have bid for 10,000 tonnes each.
Under bucket II, ChemSepT Engineering has bid for the largest capacity of 4,000 tonnes, followed by Matrix Gas and Renewables at 1,500 tonnes and Nishal Enterprises at 1,000 tonnes. India had launched the National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore in January 2023.
The mission aims to develop green hydrogen production capacity of at least 5 MMT (million metric tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country. Under SIGHT, two distinct financial incentive mechanisms — targeting domestic manufacturing of electrolysers and production of green hydrogen — are being provided under the mission.
The mission will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large-scale production and/or utilisation of hydrogen will be identified and developed as green hydrogen hubs under the mission.
From Reliance Green Hydrogen to ReNew E-Fuels and Waaree Clean Energy to Avaada Green H2, know which companies bid for the Centre’s green hydrogen energy transition scheme which offers benefits worth Rs 5,400 crore. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
