MNRE Allocates CPSUs for Green Hydrogen Implementation

08 Feb 2024 CW Team

The Ministry of New and Renewable Energy (MNRE) has allocated Central Public Sector Undertakings (CPSUs) for the implementation of green hydrogen projects across various states. This initiative aims to accelerate the adoption of green hydrogen as a clean and sustainable energy solution in India.

CPSUs such as NTPC Limited, Indian Oil Corporation, Power Grid Corporation, Solar Energy Corporation, and NHPC Limited have been designated to spearhead green hydrogen projects in collaboration with state governments. MNRE's allocation of CPSUs for green hydrogen projects underscores the government's commitment to promoting renewable energy and reducing carbon emissions. Green hydrogen, produced through electrolysis using renewable energy sources, holds immense potential to decarbonise various sectors such as transportation, industry, and power generation.

By leveraging the expertise and resources of CPSUs, MNRE aims to facilitate the deployment of green hydrogen technologies and infrastructure on a large scale. This initiative is expected to catalyze investments in the green hydrogen sector, create employment opportunities, and contribute to India's transition towards a low-carbon economy. MNRE's focus on green hydrogen aligns with India's commitments under the Paris Agreement and its ambitious renewable energy targets. The allocation of CPSUs for green hydrogen projects signals a significant step towards achieving energy security, sustainability, and climate resilience in the country. With concerted efforts from both public and private stakeholders, India can harness the full potential of green hydrogen to drive economic growth and environmental stewardship.

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