India notifies policy for producing green hydrogen and green ammonia

Six months after Prime Minister Narendra Modi had announced the launch of the National Hydrogen Mission India on Thursday announced a major policy enabler for production of green hydrogen and green ammonia using renewable sources of energy with a clear aim of making India a green hydrogen hubThe implementation of this policy will reduce dependence on fossil fuel and also reduce crude oil imports As part of Indias global promise to combat climate change among the five main announcements one is to meet 50 per cent of the countrys energy requirements using renewable energy sources by 2030Allowing green hydrogengreen ammonia manufacturers purchase renewable power from power exchange offering grid connectivity benefit of renewable purchase obligation RPO and incentives for bunks near ports for export are some of the hallmarks of the policyThe policy decision will help the government in meeting its international commitment for climate actions with the target of production of 5 million tonnes of green hydrogen by 2030 and the related development of renewable energy capacityHydrogen and ammonia are envisaged to be the future fuels to replace fossil fuels Production of these fuels by using power from renewable energy termed as green hydrogengreen ammonia is one of the major requirements towards environmentally sustainable energy security of the nation a release from the Power Ministry saidGovernment is taking various measures to facilitate the transition from fossil fuelfossil fuel based feed stocks to green hydrogengreen ammonia The notification of this policy is one of the major steps in this endeavour the release saidAs per the policy green hydrogengreen ammonia manufacturers may purchase renewable power from the power exchange or set up renewable energy capacity themselves or through any other developer anywhere they will have open access within 15 days of receipt of application and the manufacturer can bank his unconsumed renewable power up to 30 days with a distribution company and take it back when requiredFurther distribution licensees can also procure and supply renewable energy to the manufacturers of green hydrogengreen ammonia in their states at concessional prices which will only include the cost of procurement wheeling charges and a small margin as determined by the state CommissionThe policy will also waive of interstate transmission charges for a period of 25 years to the manufacturers for the projects commissioned before June 30 2025 even as the manufacturers and the renewable energy plant will be given connectivity to the grid on priority basis to avoid any procedural delaysThe benefit of RPO will be granted incentive to the hydrogenammonia manufacturer and the distribution licensee for consumption of renewable power the release said adding to ensure ease of doing business a single portal for carrying out all the activities including statutory clearances in a time bound manner will be set up by the Ministry of New and Renewable EnergyConnectivity at the generation end and the green hydrogengreen ammonia manufacturing end and the renewable energy capacity set up for the purpose of manufacturing them will be granted on priority the policy statedManufacturers of green hydrogengreen ammonia shall be allowed to set up bunkers near Ports for storage for exportuse by shipping The land for the storage for this purpose shall be provided by the respective Port Authorities at applicable charges the release saidThe policy promotes RE generation as this will be the basic ingredient in making green hydrogen This in turn will help in meeting the international commitments for clean energy the release addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever