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The Uttar Pradesh government authorised a green hydrogen policy and a proposal to construct two 800 MW units in Anpara in collaboration with NTPC for ₹8,624 crore. The decisions were taken at a Cabinet meeting presided by Chief Minister Yogi Adityanath.
"So far, hydrogen production technology has relied on electricity or gas, known as gray hydrogen. A significant effort is now underway to transition from gray hydrogen to green hydrogen. The policy outlines an ambitious goal to produce one million metric tonnes of green hydrogen annually within the next 4 years, by 2028," an official release quoted Energy Minister AK Sharma as saying.
The green hydrogen policy has been established for a period of 5 years. Industries that establish themselves within this timeframe will receive subsidies and incentives totalling ₹5,045 crore. "These industries will be eligible for subsidies ranging from 10-30% on capital expenditure, with the first five industries enjoying discounts of up to 40%. Additionally, the policy includes provisions for energy banking, offering a 100% rebate on intrastate electricity charges and billing and transmission charges for interstate transactions," Sharma said.
The Cabinet also approved a proposal for setting up two units of 800 MW at Anpara in Sonbhadra district in collaboration with NTPC at a cost of ₹8,624 crore. This initiative will advance through a 50-50 partnership between the state government and NTPC.
The financial structure involves 30% equity shared between the state government and NTPC, while the remaining 70% will be financed through loans. The coal mine will be acquired from NCL (Northern Coalfields Ltd), located nearby, paving way for cost-effective electricity production, Sharma said.
Two MoUs were signed with NTPC in the 2023 Global Investors Summit. Of these, the first proposal to set up two 800 MW units in Obra D was approved by the Cabinet last year itself, while the second proposal to establish two 800 MW plants got the nod from the Cabinet on Tuesday.
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