Govt’s green hydrogen push to cut fossil fuel imports by INR 1 trillion

• Posted in OilGas
• on December 4, 2023
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The mission aims to reduce dependence on imported fossil fuels and feedstock and create export opportunities for Green Hydrogen and its derivatives to help the world fight climate change.

Green Hydrogen is considered a promising alternative for enabling India’s transition to renewable energy and achieving Net Zero emissions by 2070.

Hydrogen can be utilized for long-duration storage of renewable energy, replacement of fossil fuels in industry, clean transportation, and potentially also for decentralized power generation, aviation, and marine transport.

The Mission outcomes projected by 2030 are:
* Development of 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
* Over Rs. 8000 billion in total investments
* Creation of more than 0.6 million jobs
* Cumulative reduction in fossil fuel imports worth over Rs 1000 billion
* Abatement of nearly 50 MMT of annual greenhouse gas emissions

At present, India has only two hydrogen refuelling stations – one each at Indian Oil’s R&D Centre, Faridabad, and the National Institute of Solar Energy, Gurugram. NTPC is going to start the operations of India’s first public green hydrogen fuelling station this month in Ladakh, which will be used to supply fuel to five hydrogen fuel cell buses

India’s first hydrogen fuel bus was launched in Ladakh in August this year and has been carrying out trial runs in the region.

In January 2023, the Union Cabinet approved Rs 197.44 billion for the National Hydrogen Mission.

The amount included Rs 174.90 billion for the Sustainable India Green Hydrogen and Technologies (SIGHT) programme, Rs 14.66 billion for pilot projects, Rs 4 billion for research and development, and Rs 3.88 billion for other mission components.

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