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regular-article-logo Saturday, 06 July 2024

Reliance, ACME, seven others selected for govt sops to set up green hydrogen production facilities

As many as 12 companies’ bids qualified for incentives to set up production facilities of 5,49,500 tonnes of green hydrogen against the offered capacity of 4,50,000 tonnes

PTI New Delhi Published 12.01.24, 10:46 AM
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Reliance Green Hydrogen and Green Chemicals, ACME Cleantech Solutions, and Greenko Zero are among the nine firms that have emerged as successful bidders for the government’s incentives for setting up facilities to produce up to 4.50 lakh tonnes of green hydrogen.

On July 10, state-owned Solar Energy Corporation of India (SECI) invited bids for the selection of producers who would set up production facilities of 4,50,000 tonnes of green hydrogen under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-I).

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As many as 12 companies’ bids qualified for incentives to set up production facilities of 5,49,500 tonnes of green hydrogen against the offered capacity of 4,50,000 tonnes.

An SECI statement issued on January 9 showed Reliance Green Hydrogen and Green Chemicals Ltd has been selected to receive incentives for the production of 90,000 tonnes of green hydrogen at a three-year average rate of Rs 18.9 per kg.

Similarly, ACME Cleantech Solutions Private Ltd and Greenko ZeroC Private Ltd have bagged incentives for production of 90,000 tonnes each at a three-year average rate of Rs 30 per kg.

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