As stated by the ADB, this knowledge and support technical assistance (TA) aims to help India accelerate the energy transition from hydrocarbon to green hydrogen economy through novel technologies, suitable applications, and concrete development roadmaps. Hydrogen energy can be called 'green hydrogen when it is produced in the process of water electrolysis powered by renewable sources. This alternative energy is carbon-free to help reduce carbon dioxide (CO2) emissions in various energy-intensive sectors. Thus, the TA will support the climate change and the post coronavirus disease (COVID-19) green recovery.
The TA plans to take a practical approach in pairing preparation of pilot projects and policy frameworks in tandem. The TA will identify and prepare green hydrogen project schemes for demonstration purposes with technical, financial, contractual, and capacity development arrangements. In parallel, the TA will help formulate the government's sector level policy frameworks and the corporate level business strategies towards investments in pilot and subsequent projects.
Investment information not provided at the time of disclosure.
ADB Team Leader:
Jongmi Son - Finance Specialist (Energy)
No contacts provided at the time of disclosure.
Executing Agency - Ministry of Petroleum and Natural Gas:
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