India plans $2.2-bln green hydrogen initiative
India The proposed initiative aims to cut the price of producing green hydrogen by 20% over the next five years by increasing the scale of activity in the sector.
According to sources, the current cost of producing green hydrogen is between USD 3.63 and USD 4.83 per kilogramme.
It is expected the programme will be launched in February as part of the government’s next fiscal year budget.
Major Indian energy companies such as Reliance Industries, Indian Oil Corporation, NTPC, Adani Enterprises, JSW Energy and ACME Greentech Solutions have plans to build green hydrogen assets in the country.
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More