Business

Minister of Power RK Singh can reveal phase 1 of the green hydrogen policy immediately

Minister of Power RK Singh can reveal phase 1 of the green hydrogen policy immediately

The government tends to announce the first phase of green hydrogen policy immediately. “We will place the mandate for the replacement of gray hydrogen and gray ammonia with green hydrogen and green ammonia in certain trajectories.

The mandate will come out after cleaning the cabinet, “RK Singh, Minister of Power & New Energi, said on Wednesday.” What will be spent on Thursday or that day is open access, banking, and free transmission, “he said.

The first phase of the policy could not include funds and the mandate of the viability for producers under the hydrogen green policy for green hydrogen and the use of ammonia. This is likely to be added to the second phase, the source told CNBC-TV18. Singh said the obligation of renewable purchases (RPP) would now include battery storage other than solar, wind and hydro.

The minister said the government wanted to build a renewable capacity of 229 GW by FY23. Claiming the government will provide free transmission facilities for a renewable generation for all companies, Singh said: “The government wants every industry to establish a renewable energy capacity.”

Previously in January, Singh said the new green hydrogen policy would display incentives such as free 25 years of power transmission, offers in dollar currencies, offering land in renewable energy parks, and land allocation near the port to create bunkers for green hydrogen or ammonia. Alok Kumar, Secretary, Power Ministry, on Wednesday said the energy transition is a requirement for hours but requires more attention.

“We must meet energy demand for growth. During the transition, we must see energy costs. India must encourage more decentralization applications for energy transitions. Utility reform is the core of the energy transition for the next 20 years.” Kumar said while adding hydrogen potential Green in India needs to be exploited aggressively.

The government launched a national hydrogen mission in 2021 to develop a road map to use hydrogen as an energy source. This initiative has the potential for transportation transportation.

Leave a Reply

Your email address will not be published. Required fields are marked *