Industry body India Hydrogen Alliance (IH2A) has submitted a National Green Hydrogen Hub Economic Viability and Development Plan to the Government of India, with potential to create five large National Green Hydrogen Corporations worth $5bn by 2030, through public-private partnerships.
According to IH2A, its plan seeks public finance support for green hydrogen production and off-take to create the necessary infrastructure between 2024 – 2030.
The corporations created through the investment will be publicly listed to help fund the next wave of investments designed to scale up the hydrogen economy.
Originating out of a reference economic model of the Green Kochi Hydrogen Hub (GKH2), the plan was prepared as a 50:50 public-private Special Purpose Vehicle (SPV) with a 150 megawatt (MW) electrolyser capacity, storage and evacuation infrastructure, renewable energy inputs, green ammonia production plants and off-take by industrial and mobility users, with a $468m CAPEX outlay over a 20-year project period.
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