The policy is aimed at boosting green hydrogen production in the country. The fuel can be a game changer for the energy security of India, which imports 85% of its oil and 53% of gas requirements.
Addressing a conference on ‘India’s Leadership in Energy Transition’ here, the minister said that the first part of the policy to be unveiled would include components which would be implemented by the government immediately and the second part is currently with the Expenditure Finance Committee.
Singh said that under the policy, government will give companies the “liberty to set up renewable energy capacity anywhere by themselves or through a developer”.
Mint earlier reported about India considering a proposal to make it mandatory for fertilizer plants and oil refineries to use green hydrogen as part of plans to cut the nation’s dependence…