India gets bids for green hydrogen, electrolyser incentives (updated)

Jindal Worldwide

15/12/2023 14:05

(Changes source in paragraph 1, adds background, details in
4-7)
    By Sarita Chaganti Singh
       NEW DELHI, Dec 15 (Reuters) - Reliance Industries
 RELI.NS , JSW Energy  JSWE.NS , Torrent Power  TOPO.NS  and
Bharat Petroleum Corp  BPCL.NS  are among 14 companies that have
bid for incentives under India's green hydrogen plan, according
to a government agency. 
    Twenty companies including Reliance Industries, Adani Group,
Jindal India, Larsen & Toubro  LART.NS  and Bharat Heavy
Electricals  BHEL.NS  have also submitted bids for incentives to
manufacture electrolysers, statements from Solar Energy Corp of
India said. 
    Both sets of bids were opened on Friday, the statements
showed.
    In July, India invited pilot bids under its $2 billion
programme to incentivise production of green hydrogen and
manufacturing of electrolysers. 
    Bids for 0.55 million metric tons of green hydrogen
production have been received against the invited 0.45 million
tons, the statements showed. The companies include Acme
Cleantech, Sembcorp Green Hydrogen  SEMB.NS , CESC  CESC.NS ,
Greenko ZeroC and Avaada GreenH2, they said. 
    For an invitation to set up 1.5 gigawatts (GW) of
electrolyser manufacturing capacity, bids for 3.4 GW were
received, the statements showed. 
    Other bidders for electrolysers include Waaree Energies
 WAAN.NS , Ohmium Operations, Advait Infratech  ADVF.BO  and
Acme Cleantech Solutions. 
    India aims to reach 5 million tons in annual green hydrogen
production capacity by 2030. 

 (Reporting by Sarita Chaganti Singh Editing by David Evans and
Mark Potter)
 ((Sarita.ChagantiSingh@thomsonreuters.com;))