The authorities has incurred an expenditure of ₹11 lakh under the National Green Hydrogen Mission to date against the revised estimates of ₹100 crore for 2023-24, Parliament was knowledgeable on Tuesday.
The Ministry of New & Renewable Energy is implementing the National Green Hydrogen Mission, permitted by the Union Cabinet on January 4, 2023, with an outlay of ₹19,744 crore from 2023-24 to 2029-30, Union Power and New & Renewable Energy Minister R Ok Singh stated in a written reply to the Rajya Sabha.
The overarching goal of the Mission is to make India a Global Hub for the manufacturing, utilization and export of Green Hydrogen and its derivatives.
Revised estimates for the Mission for 2022-23 had been ₹1,00,000 and there was no expenditure in 2022-23, he said.
Revised estimates for the Mission for FY 2023-24 are ₹100 crore and expenditure is ₹11 lakh to date, the minister instructed the House.
The anticipated outcomes of the Mission, by 2030, are that India’s Green Hydrogen manufacturing capability is probably going to attain 5 MMT each year, contributing to discount in dependence on import of fossil fuels.
Achievement of Mission targets is predicted to cut back a cumulative ₹1 lakh crore value of fossil gasoline imports by 2030.
This Mission is probably going to leverage over ₹8 lakh crore in whole investments and create over 6 lakh jobs.
Nearly 50 MMT each year of CO2 emissions are anticipated to be averted by way of the manufacturing and use of the focused quantum of Green Hydrogen, the minister instructed the House.
About evaluation relating to the impression on price escalation ensuing from the implementation of a Uniform Renewable Energy Tariff (URET), Mr. Singh instructed the House in one other written reply that the process for implementation of URET was issued by the Ministry of Power on October 25, 2023; nevertheless, the precise implementation of URET is but to be initiated and therefore the Government has not carried out any such evaluation.
Mr. Singh additional defined that the middleman procurer is a dealer, shopping for RE energy from the RE Power Generators as per the tariff-based aggressive bidding (TBCB) pointers and promoting the identical to a number of distribution licensees, who in flip provide energy to shoppers in their space of jurisdiction and have public service obligation.
Therefore, the minister said that the middleman procurer doesn’t have any direct public service obligation.
In one other reply to the House, Mr. Singh said that to date, 72.02 GW of Solar Power Projects have been put in.
The authorities has set a goal of attaining 500 GW of put in capability from non-fossil fuels by 2030, in line with the Prime Minister’s announcement at CoP-26, together with from photo voltaic power, he said.
