5 MMT green hydrogen can help cut Rs 1 trn worth fossil fuel imports: Singh
With the 5 million metric tonnes (MMT) installed capacity under the National Green Hydrogen Mission, India can reduce imports of fossil fuel worth Rs 1 lakh crore by 2030, Union Minister R K Singh said on Tuesday.
In January 2023, the Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy.
Green hydrogen has the potential to replace fossil fuels including natural gas, either as a source of energy or as a feedstock, thereby contributing to reduction in dependence on import of fossil fuels, the Minister for New and Renewable Energy informed the Rajya Sabha.
