Page 145 - CW E-Magazine (28-5-2024)

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WORLD HYDROGEN SUMMIT 2024
‘India – an attractive destination for investments

in renewable energy projects’

India, with its competitive pricing, precision. This availability of skilled
presents an attractive landscape for personnel at a reasonable cost further
domestic and international investments enhances India’s competitiveness in
in renewable energy projects, aligning the global market for green hydrogen
with the nation’s commitment to tran- production.”
sitioning towards sustainable energy
sources. ‘Ambition to emerge as a leading
exporter of green hydrogen’
This was stated by Mr. Bhupinder and development (R&D) initiatives, Mr. Bhalla also highlighted
Singh Bhalla, Secretary, Ministry of and skill development programmes. India’s ambition to emerge as a leading
New & Renewable Energy (MNRE), “This holistic approach reflects the exporter of green hydrogen. Asserting
Government of India, while speaking at government’s commitment to fostering India’s clear vision and commitment
the World Hydrogen Summit 2024 in innovation, collaboration, and capacity- to sustainable energy practices, he
Rotterdam, Netherlands on May 15, 2024. building across the hydrogen value underscored the nation’s determination to
chain. Moreover, the Mission’s focus play a pivotal role in the global hydro-
Mr. Bhalla highlighted India’s on piloting projects and advancing gen economy. “With a strategic focus
integrated grid infrastructure as a key R&D underscores India’s commitment on scaling up production, India aims
enabler for the seamless integration to nurturing a vibrant ecosystem for to capitalise on emerging opportunities
of renewable energy sources into the green hydrogen technologies, fostering in the international market for green
national energy mix. This integrated the emergence of cutting-edge solu- hydrogen, thereby reinforcing its posi-
grid not only enhances grid stability tions and best practices.” tion as a key player in the global energy
and reliability, but also enables the transition.”
strategic placement of renewable India’s abundant pool of skilled
energy plants, optimising efficiency and engineers serves as a cornerstone for the Highlighting the rapid scale-up of
minimising the need for long-distance successful implementation of renewa- renewable energy infrastructure in the
transportation and storage of hydrogen. ble energy and green hydrogen projects, country, the Secretary informed the
said the Secretary. “With world-class audience that approximately 43% of
He also underscored the compre- expertise in engineering, procurement, India’s current installed electricity capa-
hensive nature of the National Green and construction (EPC) services, India city is from non-fossil-fuel sources,
Hydrogen Mission, comprising com- offers a robust talent pool capable of with projections indicating a rise to
ponents such as pilot projects, research executing projects with efficiency and 50% by 2030.

Greenko Energies gets CCI nod to acquire additional

stake in Sikkim Urja

The Competition Commission of The proposed combination relates
India (CCI) said it has cleared Greenko to the acquisition of additional shares
Energies’ proposed acquisition of an in the Sikkim Urja by GEPL, CCI said.
additional stake in Sikkim Urja
(formerly Teesta Urja Ltd). Greenko Sikkim Urja Ltd. is a special pur-
Energies Pvt. Ltd. (GEPL) is a part of pose vehicle incorporated for the pur-
Greenko Energy Holdings (GEH). The pose of the implementation of the
latter is the holding company of the 1,200-megawatt hydropower project in
Greenko group of companies. North Sikkim.

Chemical Weekly May 28, 2024 145

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