Page 47 - Policy Economic Report - June 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Government enhanced allocation for Fertilizer Sector under SIGHT Programme of the National Green
Hydrogen Mission (NGHM)

Ministry of New & Renewable Energy (MNRE) is implementing the National Green Hydrogen Mission
(NGHM) with a target to achieve production capacity of 5 million tonnes per annum of Green Hydrogen
in the country by the year 2030.

Under the Mission, MNRE had issued the Scheme Guidelines for implementation of SIGHT Programme –
Component II: Incentive for Procurement of Green Ammonia Production (under Mode2A) of the NGHM
on 16.01.2024. Mode 2A caters to the requirements of the fertilizer sector. As per the said Guidelines, the
capacity available for bidding under Tranche I of Mode 2A was 5,50,000 tonnes per annum of Green
Ammonia. Thereafter, Solar Energy Corporation of India (SECI) also issued Request for Selection (RfS) for
selection of Green Ammonia Producers through a cost based competitive bidding process.

As the implementation of the Mission is gaining traction, the demand of Green Hydrogen and its
derivatives from various sectors is also increasing. In response to the increase in demand of Green
Ammonia from the fertilizer sector, MNRE has decided to amend the Scheme Guidelines dated 16.01.2024
by increasing allocation under Mode 2A Scheme for Fertilizer sector by 2 lakh tonnes per annum i.e. the
existing allocation of 5,50,000 tonnes per annum of Green Ammonia has been increased to 7,50,000
tonnes per annum. This is a significant step towards demand creation of Green Hydrogen and its
derivatives in the country.

Shri Bhupender Yadav takes charge as the Union Minister of Environment, Forest and Climate Change

Shri Bhupender Yadav assumed charge as the Union Minister of Environment, Forest and Climate Change
(MoEF&CC) on 11th June 2024. He was greeted at the office at Paryavaran Bhawan by Secretary Ms. Leena
Nandan, Secretary (EF&CC) and other senior officials of the Ministry. Shri Kirtivardhan Singh also assumed
charge as Minister of State.

Briefing the media after assuming the charge, the Union Minister thanked Hon’ble Prime Minister for
giving him this opportunity and said he is ready to discharge his duties and responsibilities in the Ministry.
He also welcomed his colleague Shri Kirtivardhan Singh, Minister of State. He said many steps have been
taken by this Ministry in the last 10 years under the leadership of PM Modi and that the Government was
moving ahead taking environment and development together. He also said that the focus will remain on
initiatives such as Mission LiFE- Lifestyle for Environment. He said that globally there is an environment
crisis and Hon’ble PM announced Mission LiFE- Lifestyle for Environment at the Glasgow, Climate
Conference 2021. He also said that Mission LiFE seeks to mobilize individuals for climate-positive behavior
and to create an ecosystem to reinforce and enable environmental-friendly self-sustainable behaviours.
It upholds mindful consumption rather than mindless consumption.

Hon’ble Minister for MoEF&CC also said that the government believes environmental conservation and
development can go hand in hand. He said that Hon’ble PM has also started a plantation initiative “??
??? ? ?? ?? ? ?” to counter escalating global warming and urged all citizens to take part in this initiative,

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