1.5 GW Electrolyser Manufacturing Allocations Done, India Looks To Green Hydrogen

SECI has announced the winning bidders for the Capacity Allocation under the RfS for Selection of Electrolyser Manufacturers (EM) for Setting up Manufacturing Capacities for Electrolysers in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Tranche-I). The firms under the head of capacity built using any stack technology, include Reliance Electrolyser Manufacturing, John Cockerill Greenko Hydrogen , and Jindal India Limited with a 300 MW allocation each. That translates to a maximum incentive of Rs 444 crores for each of them.

Other winners include Ohmium Operations Limited with an allotment for 137MW/annum, making them eligible for an incentive of Rs 202.76 crores. Advait Infratech Limited (consortium with Rajesh Power Service Private Limited) has bagged  100 MW, worth Rs 148 crore (maximum).

L&T Electrolysers rounds off the ‘any technology stack’ group with a 63 MW allocation, worth a maximum of Rs 93.24 crores worth incentives

In the category for using domestic technology stack, HomiHydrogen Private Limited won 101.5 MW  with a maximum incentive of Rs 150,22 crores, while Adani New Industries bagged the lions share with a 198.5 MW allotment worth  a max incentive of Rs 293.78 crores.

With this round of allocations, India will look forward to accelerated progress on its Green Hydrogen ambitions, particularly, Electrolyzer manufacturing. SECI received bids for a total of 3300 MW of manufacturing for the July 2023 tender, of which it has made allocations for 1500 MW.

The incentives are spread over 5 years, with a base incentive of Rs 4440 in year 1, that reduces to Rs 1480 by year 5. Even as firms are expected to set ip operations within 24 months of the letter of award, some like Ohmium (already making), Reliance (due to commission in FY25), and Adani New Industries are already well on their way to starting up.