Transmission costs will be waived off  for green hydrogen manufacturers

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Transmission costs will be waived off  for green hydrogen manufacturers
18 Feb 2022
5 min read

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News Synopsis

Climate change and Global warming are on of the worst problems our planet is battling with right now. Its consequences can be witnessed on the surface in the form of melting of glaciers, rising sea levels, irregular climate patterns, etc. Amid the rising levels of global warming and carbon emissions governments and institutions are coming up with effective plans to curb them. The Indian government in a bid to check these problems has decided to promote and enhance its green energy capacity by 2030. On Wednesday in order to promote green energy production, Union Power Minister R K Singh has announced that companies that will install renewable energy generating plants to manufacture green hydrogen will not have to pay any transmission cost. He said: "Green hydrogen manufacturers can set up renewable energy capacity by themselves. We will give them free transmission until 2025 and banking for 30 days”.

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