For pilot projects Rs. 1446 crores, Research and Development Rs. 400 crores and for other departments related to this mission Rs. 388 crore will be spent. Minister Anurag Thakur said that the concerned Ministry (Ministry of New and Renewable Energy) will soon issue guidelines regarding the implementation of this project.
Advantages of Green Hydrogen Mission:
★ By 2030 through Green Hydrogen Mission Rs. 8 lakh crore investment is expected by the Centre.
★ It is estimated that 6 lakh jobs will be created through this project.
★ By 2030, the Modi government hopes to reduce fossil fuel imports worth lakhs of crores and reduce greenhouse emissions by 50 million metric tonnes.
★ The mission aims to achieve 125 giga watts of renewable energy capacity by 2030. The target is to achieve a green hydrogen production capacity of 5 million metric tonnes per annum.
★ The ‘carbon free hydrogen’ produced by this mission will be used as fuel in automobile vehicles. It is also used as a source of fuel in industries like oil refineries and steel mills.
★ Green hydrogen is produced by splitting water in a chemical process. ‘Green hydrogen’ is produced when water is split by electrolysis using electricity generated from renewable sources such as the sun. The by-product of this process is ‘Oxygen’.