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Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO


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					</table><p><a href="https://www.adanienterprises.com/" target="_blank" rel="noopener">Adani Enterprises</a>, <a href="https://waaree.com/" target="_blank" rel="noopener">Waaree Energies</a>, <a href="https://www.matrixgas.in/" target="_blank" rel="noopener">Matrix Gas and Renewables</a>, and <a href="https://www.ohmium.com/" target="_blank" rel="noopener">Ohmium</a> were among the winners of Solar Energy Corporation of India&#8217;s (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) auction to set up 1.5 GW of electrolyzer manufacturing capacities across India.</p>
<p>The manufacturing capacities will be set up under the Ministry of New and Renewable Energy&#8217;s Tranche II of the Strategic Interventions for Green Hydrogen Transition (SIGHT) program.</p>
<p>The tender was <a href="https://www.mercomindia.com/seci-invites-bids-manufacturing-under-sight-ii-program" target="_blank" rel="noopener">floated</a> in March this year and was segmented into distinct buckets.</p>
<p><strong>Bucket 2B</strong> focused on smaller units, with 100 MW also mandated to use domestically developed stack technology.</p>
<p><strong>Bucket 2A</strong> required the 300 MW to be developed using indigenously developed stack technology.</p>
<p><strong>Bucket 1</strong> offered 1,100 MW of electrolyzer manufacturing capacity, allowing any stack technology.</p>
<p>Bidders were allowed to participate across all three buckets, with bid evaluations conducted in a tiered manner. Bucket 2B was prioritized, followed by Bucket 2A and Bucket 1. Any unallocated capacities were transferred from one bucket to the next in this sequence. The minimum and maximum bid capacities were set at 100 MW and 300 MW for Buckets 1 and 2A and 10 MW and 30 MW for Bucket 2B.</p>
<p><strong>Bucket 2B</strong> saw Adani Enterprises, <a href="https://www.eeltdh2.com/" target="_blank" rel="noopener">Eastern Electrolyser</a>, <a href="https://www.newtrace.io/" target="_blank" rel="noopener">Newtrace</a>, and Suryaashish KA1 Solar Park (<a href="https://insolare.com/" target="_blank" rel="noopener">InSolare</a>) recognized as winners.</p>
<p>Adani Enterprises, Eastern Electrolyser, and Newtrace each secured 30 MW.</p>
<p>Suryaashish KA1 Solar Park was allocated 10 MW.</p>
<p>The total bids received for Bucket 2B were 270 MW.</p>
<p><strong> <a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-69527 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B.png" alt="2B" width="911" height="282" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B.png 911w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B-300x93.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B-768x238.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B-650x201.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B-624x193.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2B-600x186.png 600w" sizes="(max-width: 911px) 100vw, 911px" /></a></strong></p>
<p><strong>Bucket 2A </strong>saw Adani Enterprises and Newage Green Electro winning 71.5 MW and 228 MW, respectively.</p>
<p>The total bids received for Bucket 2A were 511.5 MW.</p>
<p><strong> <a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-69525 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A.png" alt="2A" width="892" height="266" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A.png 892w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A-300x89.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A-768x229.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A-650x194.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A-624x186.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/2A-600x179.png 600w" sizes="(max-width: 892px) 100vw, 892px" /></a></strong></p>
<p><strong>Bucket 1 </strong>saw Newage Green Electro, Waaree Energies, Matrix Gas and Renewables, <a href="https://advaitinfra.com/" target="_blank" rel="noopener">Advait Infratech</a>, Ohmium Operations, <a href="https://www.gh2solar.com/" target="_blank" rel="noopener">GH2 Solar</a>, and <a href="https://avaada.com/" target="_blank" rel="noopener">Avaada Electrolyser</a> emerge victorious.</p>
<p>Waaree Energies secured the largest share with 300 MW.</p>
<p>Matrix Gas and Renewables were awarded 237 MW.</p>
<p>Advait Infratech received 200 MW, while Ohmium Operations secured 137 MW.</p>
<p>GH2 Solar was allocated 105 MW, with Newage Green Electro and Avaada Electrolyser receiving 71.5 MW and 49.5 MW, respectively.</p>
<p>The total bids received for Bucket I were 1980.5 MW.</p>
<p><strong> <a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on-.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-69523 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on-.png" alt="SECI's Hydrogen Tender For Selection Of Electrolyzer Manufacturers (Tranche-II) Based on" width="877" height="378" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on-.png 877w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on--300x129.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on--768x331.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on--650x280.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on--624x269.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/SECIs-Hydrogen-Tender-For-Selection-Of-Electrolyzer-Manufacturers-Tranche-II-Based-on--600x259.png 600w" sizes="(max-width: 877px) 100vw, 877px" /></a></strong></p>
<p>The electrolyzer&#8217;s guaranteed life must be a minimum of 60,000 hours, ensuring operational longevity. Additionally, its end-of-life efficiency should not decline below 80%, maintaining optimal performance throughout its lifespan. The specific energy consumption of the projects must be equal to or less than 56 kWh/kg of hydrogen production.</p>
<p>For alkaline electrolyzers, the local value addition percentage must be 40%, 50%, 60%, 70%, and 80% for years one to five; for Proton Exchange Membrane/ Solid Oxide Electrolyser/ Anion Exchange Membrane Electrolyser/any other technology, the local value addition percentage must be 30%, 40%, 50%, 60% and 70% for years one to five.</p>
<p>The electrolyzer manufacturing facilities established under this tender will be granted 30 months from the date of issuance of the letter of award (LoA) to complete the commissioning of the entire manufacturing capacity.</p>
<p>The manufacturing facilities awarded under this tender will be eligible for quarterly incentives on sales of electrolyzers for five years from the commissioning date.</p>
<p>Early this year, SECI <a href="https://www.mercomindia.com/reliance-jindal-adani-win-seci-electrolyzer-auction" target="_blank" rel="noopener">announced</a> the auction winners to set up 1.5 GW electrolyzer manufacturing capacities across India under Tranche 1 of the SIGHT program.</p>


Adani, Waaree, Matrix  Among Winners of SECI’s Electrolyzer Auction


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					</table><p><strong><a href="https://www.mercomindia.com/ncr-transport-corporation-rooftop-solar-project" target="_blank" rel="noopener">The National Capital Region Transport Corporation has invited bids for a 4.9 MW rooftop solar power project in the Delhi-Ghaziabad-Meerut Regional Rapid Transit System</a></strong> Corridor. The scope of work includes design, engineering, supply, installation, testing, commissioning, and operation and maintenance under the renewable energy service company model for 25 years. The last date for submitting bids is August 12, 2024. Bids will open the next day.</p>
<p><strong><a href="https://www.mercomindia.com/north-western-railway-7-mw-rooftop-solar" target="_blank" rel="noopener">The Jaipur Division of North Western Railway has invited bids to install 7,287 kW of grid-connected rooftop solar systems atop residential buildings.</a></strong> The contract value is ₹301.05 million (~$3.6 million). The last date to submit the bids is August 2, 2024. Bids will be opened on the same day. The scope of work includes supplying, installing, and commissioning the grid-connected rooftop solar system with mono crystalline panels, inverters, MS hot-dipped galvanized structures, power conditioning units, junction boxes, AC and DC distribution boards, armored power and control cables, remote data monitoring system, and net metering.</p>
<p><strong><a href="https://www.mercomindia.com/seci-invites-bids-for-green-facilities-under-sight-program" target="_blank" rel="noopener">The Solar Energy Corporation of India has invited bids for the selection of green hydrogen producers to set up production facilities for green hydrogen in India under the Strategic</a></strong> Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II). The last date to submit bids is August 21, 2024. Bids will be opened on August 27. Bidders must submit a non-refundable document fee of ₹25,000 (~$299.3) and a bid processing fee of ₹20,000 (~$239.4)/MW for the quoted capacity subject to a maximum amount of ₹1.5 million (~$17,963.4) + GST.</p>


Daily News Wrap-Up: NCRTC Invites Bids for 4.9 MW Rooftop Solar Project


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					</table><p>Solar Energy Corporation of India (<a href="https://www.mercomindia.com/seci-solar-project-storage-ladakh" target="_blank" rel="noopener">SECI</a>) has invited bids for the production and supply of green ammonia in India through cost-based competitive bidding under strategic interventions for the green hydrogen transition (SIGHT) program.</p>
<p>The last date for the submission of bids is July 29, 2024.</p>
<p>The Union Cabinet last year <a href="https://www.mercomindia.com/cabinet-approves-%E2%82%B9197-billion-hydrogen-mission" target="_blank" rel="noopener">sanctioned</a> the National Green Hydrogen Mission with a budget of ₹197.4 billion (~$2.3 billion)up to 2029-30. A key financial initiative under this mission was the SIGHT program, which has an allocation of ₹174.9 billion (~$2.09 billion).</p>
<p>This program introduces two separate financial incentive mechanisms designed to boost domestic electrolyzer manufacturing and the production of green hydrogen.</p>
<p>These incentives facilitate swift expansion, technological advancement, and cost reduction.</p>
<p>Bidders must submit a document fee of ₹25,000 (~$299.4) and a bid processing fee of ₹1.5 million (~$17,966).</p>
<p>Bidders must also submit an earnest money deposit of ₹5,000 (~$59.8) per MT corresponding to the cumulative annual production and supply capacity of green ammonia for the quoted projects.</p>
<p>The successful bidders have to submit a performance bank guarantee of ₹12,500 (~$149.7) per MT corresponding to the cumulative annual production and supply capacity of green ammonia for the allocated projects to them.</p>
<p>Bidders from a country sharing a land border with India can participate in this tender if registered with the competent authority.</p>
<p>Bidders must produce and supply green ammonia according to the supply schedule. The annual production and supply requirements are for the entire term of the green ammonia purchase agreement.</p>
<p>The supplier must ensure that the supplied quantity is at least 90% of the annual requirement specified by the procurer for the term of the agreement.</p>
<p>Shortfalls in green ammonia supply due to force majeure events, as identified under the agreement with SECI, will not be considered a breach of supply obligations.</p>
<p>The annual supply of green ammonia will be calculated for each contract year, starting when the production facility supplies green ammonia.</p>
<p>If, in any contract year, the supplier fails to meet the minimum permissible annual supply value, and this shortfall is primarily due to the supplier’s reasons, the shortfall will be addressed according to the provisions of the agreement.</p>
<p>The net worth of the bidders should be at least ₹50 million (~$598,781) per thousand MT per annum of the quoted annual production and supply capacity of green ammonia as of the last date of the financial year 2023-24.</p>
<p>SECI recently <a href="https://www.mercomindia.com/seci-solar-project-storage-ladakh" target="_blank" rel="noopener">invited</a> bids for the design, engineering, supply, construction, erection, testing, commissioning, and operation and maintenance of a 25 MW solar power project with a 20 MW/50 MWh battery energy storage system in Leh, Ladakh.</p>


SECI Invites Bids for Green Ammonia Production Under SIGHT Program


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					</table><p>The Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>) has set aside ₹44.4 billion (~$535.6 million) to incentivize manufacturing of electrolyzers to reduce costs for hydrogen production in the country, as part of the National Green Hydrogen Mission (NGHM).</p>
<p>NGHM has an <a href="https://www.mercomindia.com/cabinet-approves-%E2%82%B9197-billion-hydrogen-mission" target="_blank" rel="noopener">outlay</a> of ₹197.44 billion (~$2.3 billion) up to 2029-30. The mission seeks to promote the development of a green hydrogen production capacity of 5 million tons per year and, in the process, envisages an investment of over ₹8 trillion (~$96.5 billion) and the creation of over 600,000 jobs by 2030.</p>
<p>The incentives for spurring indigenous manufacturing, under the &#8220;Strategic Interventions for Green Hydrogen Transition (SIGHT) Program &#8211; Component I: Incentive Scheme for Electrolyzer Manufacturing Tranche &#8211; II,&#8221; will run from the financial year 2025-26 to 2029-30.</p>
<p>The program aims to make domestically made electrolyzers &#8211; a key component for green hydrogen production, internationally competitive in performance and quality and to build out its supply chains. It also intends to support both established and new electrolyzer technologies.</p>
<p>The incentive program will be implemented through the Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) as the nodal agency, according to the MNRE document. SECI will conduct a competitive bidding process to select manufacturers based on criteria like specific energy consumption of the electrolyzer produced each year for the five-year period, committed local value addition targets, and a performance-linked incentive structure.</p>
<p>The incentives have been designed in a declining structure &#8211; with the base incentive starting at ₹4,440 (~$54)/kW in the first year and tapering down annually over the five years. Actual payouts to manufacturers will be linked to performance multipliers based on the specific energy consumption achieved and the extent of domestic value addition accomplished.</p>
<p>The guidelines also stipulate that the Specific Energy Consumption (SEC) for hydrogen production should not exceed 56 kWh per kg, measured at 100% rated capacity on the DC side of the stack, with demonstration required before electrolyzer commissioning. Additionally, the electrolyzer should have a guaranteed lifespan of at least 60,000 hours, and there should be a minimum of 40% Local Value Addition (LVA) for alkaline electrolyzers and 30% for other technologies during the first year of production.</p>
<p>In a move to nurture indigenous stack technologies, the program also demarcates separate capacity buckets for established (Bucket 1 – 1,100 MW), indigenously developed (Bucket 2A &#8211; 300 MW), and smaller indigenous (Bucket 2B &#8211; 100 MW) electrolyzer manufacturing capacities. However, to ensure scale, no single bidder can be allocated more than 300 MW across tranches under this program.</p>
<p>In order to bid, the manufacturer, which can be a single company or a joint venture, must have a net worth of more than ₹10 million (~$120,000) per MW of quoted capacity for the previous financial year for Bucket 1, and ₹3 million (~$36,000) for Bucket 2.</p>
<p>The available capacity for bidding in the second tranche is 1,500 MW, with minimum bid capacities of 100 MW for Bucket 1 and 2A. In Bucket 2B, bids can range from 10 MW to 30 MW.</p>
<p>Earlier, SECI <a href="https://www.mercomindia.com/seci-invites-bids-manufacturing-under-sight-ii-program" target="_blank" rel="noopener">issued</a> a request for the selection of electrolyzer manufacturers to set up 1.5 GW of electrolyzer manufacturing capacities in India under the SIGHT program (Tranche- II).</p>
<p>Early this year, SECI <a href="https://www.mercomindia.com/reliance-jindal-adani-win-seci-electrolyzer-auction" target="_blank" rel="noopener">announced</a> the winners of the auction to set up 1.5 GW electrolyzer manufacturing capacities across India under Tranche 1 of the SIGHT program.</p>


MNRE Allocates ₹44.4 Billion for Electrolyzer Manufacturing Under SIGHT II Program


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					</table><p>The Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>) has laid down the incentive implementation framework for the production and supply of green ammonia at the lowest cost through a competitive selection process under Mode 2A of the Strategic Interventions for Green Hydrogen Transition (SIGHT) program.</p>
<p>Under the framework, direct incentives for green ammonia production and supply will be granted over three years from the commencement date.</p>
<p>The total outlay for the incentive program for the production of green hydrogen and its derivatives under all modes is ₹130.5 billion (~$1.57 billion).</p>
<p>In the first year, the incentive is ₹8.82 (~$0.11) /kg, ₹7.06 (~$0.085)/kg in the second year, and ₹5.30 (~$0.064)/kg in the third year.</p>
<p>The same production and supply of hydrogen and its derivatives cannot receive incentives under two different modes of the SIGHT Program.</p>
<p><strong>Implementing Agency</strong></p>
<p>The Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) will act as the implementing agency, providing support and carrying out various tasks assigned by MNRE. Its responsibilities include receiving and assessing applications, issuing acknowledgments and awards, examining incentive claims from beneficiaries, and verifying claims with prescribed documents.</p>
<p>SECI will also compile data on the program&#8217;s progress and performance and submit quarterly reports to MNRE. As an administrative charge, SECI is eligible to receive 0.5% of the disbursed incentive amount annually.</p>
<p>SECI has the authority to inspect an applicant&#8217;s production plants physically. It can seek assistance from third-party agencies to verify technical parameters. If necessary, MNRE may designate accredited labs like the National Accreditation Board for Testing and Calibration Laboratories or other third-party certification agencies for this verification.</p>
<p><strong>Capacity</strong></p>
<p>The capacity available for bidding under Tranche I of Mode 2A is 550,000 MT per annum of green ammonia. Additional capacity of green ammonia, if any, may be decided by MNRE for subsequent tranches.</p>
<p>SECI may specify a minimum capacity below which bids will not be accepted. SECI may also specify a cap or maximum capacity that can be allocated to a single bidder.</p>
<p>Any unallocated capacity during the tranche could be carried over to the subsequent tranche.</p>
<p>Incentive payout in a given year = (Incentive for that year in ₹/kg of Green Ammonia) x (Allocated capacity or Actual Production and supply in the year, in kg, whichever is lower)</p>
<p>Allocated capacity will remain constant for three years. Incentives will be disbursed to each successful bidder on an annual basis after the requisite claim is received and duly verified by MNRE through SECI.</p>
<p><strong>Green Hydrogen Standard</strong></p>
<p>To qualify for incentives, the bidder must adhere to the &#8216;National Green Hydrogen Standard&#8217; set by MNRE when using green hydrogen in the production and supply of green ammonia. The quantity is calculated at 0.1765 kg of green hydrogen per kg of green ammonia, influencing both the green hydrogen quantity and the corresponding incentive for a specific amount of green ammonia.</p>
<p><strong>Eligibility</strong></p>
<p>Bidders must have a net worth equal to or greater than ₹50 million (~$601,181)/ 1,000 MT/ Annum of quoted production and supply capacity of green ammonia as of the last date of the previous financial year.</p>
<p>Bidders can be a single company, a joint venture, or a consortium of more than one company.</p>
<p><strong>Penalties</strong></p>
<p>Bidders must submit earnest money deposit (EMD) as specified in the tender document during bid submission, with provisions detailing EMD forfeiture if the selected bidder refuses to submit required documents, performance bank guarantees (PBG), or similar instruments or if eligibility criteria are not met.</p>
<p>Successful bidders are required to submit PBGs or other performance guarantee instruments upon accepting the award, with potential forfeiture in case of default or delayed commissioning. The tender document will outline specific modalities, and SECI will remit any encashment of EMD or guarantees to the Consolidated Fund of India.</p>
<p>Successful bidders must sign an Agreement of Power Purchase (APA) with procurers and adherence to the APA terms is linked to the disbursement of incentives.</p>
<p><strong>Monitoring</strong></p>
<p>A program monitoring committee, co-chaired by the Secretary of the Department of Fertilizers and the Secretary of MNRE, with the Mission Director of the National Green Hydrogen Mission and other necessary experts as members, will regularly assess the progress and performance of Green Ammonia production and supply capacities established under the program.</p>
<p>The committee&#8217;s role includes identifying and recommending measures to address any challenges or difficulties encountered during the implementation of the program.</p>
<p>Last June, MNRE <a href="https://www.mercomindia.com/ministry-175-billion-program-green-hydrogen/" target="_blank" rel="noopener">released</a> a framework document outlining incentive programs for the manufacturing of electrolyzers and the production of green hydrogen within the country, with a combined financial outlay of ₹174.9 billion (~$2.1 billion).</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates </a>to ensure you don’t miss any critical updates from the renewable industry.</p>


Government Announces Incentives to Produce 550,000 MT of Green Ammonia


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					</table><p>Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) has invited bids to select green hydrogen producers for setting up 450,000 metric tons (MT)/annum production facilities for green hydrogen across India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program (Mode-I, Tranche-I).</p>
<p>The SIGHT program is a significant financial measure under the National Green Hydrogen Mission, with an outlay of ₹174.9 billion (~$2.12 billion).</p>
<p>The last date to submit the bids is September 7, 2023. Bids will be opened on September 12.</p>
<p>Bidders will have to submit ₹1.5 million (~$18,146) + applicable GST as the bid processing fee. They must pay ₹2,500 (~$30.24)/MT of the quoted capacity as an earnest money deposit.</p>
<p>Also, the successful bidder will have to furnish an amount equivalent to ₹5,000 (~$60.49)/MT of the allocated capacity as a performance bank guarantee within 15 days of receiving the letter of award from SECI.</p>
<p>Under this tender, the green hydrogen producer will be required to set up production facilities in thousand metric tons (TMT) scale for the production of green hydrogen and its derivatives, with the primary objective to promote and maximize the production of green hydrogen and its derivatives in India to enable rapid scale-up, technology development, and cost reduction.</p>
<p>The bidder can opt for any one or both of the following buckets:</p>
<ul>
<li>Bucket-I: Technology Agnostic Pathways</li>
<li>Bucket-II: Biomass-based Pathways</li>
</ul>
<p>The total capacity under Bucket-I is 410,000 MT/annum of green hydrogen, and the total capacity under Bucket-II is 40,000 MT/annum.</p>
<p>The projects should be quoted in multiples of 500 MT only.</p>
<p>The minimum capacity allocated under Bucket-I is 10,000 MT/annum, and the maximum capacity is 90,000 MT/annum. Similarly, the minimum capacity allocated under Bucket-II is 500 MT/annum, and the maximum capacity is 4,000 MT/annum.</p>
<p>The projects must be commissioned within 30 months from the date of receiving the letter of award.</p>
<p>Any bidder from a country that shares a land border with India will be eligible to bid in this tender only if the bidder is registered with the competent authority.</p>
<p>To be eligible, the net worth of bidders as of the last day of the previous financial year should be at least ₹150 million (~$1.81 million)/thousand MT for Bucket-I and ₹15 million (~$181,463)/thousand MT for Bucket-II.</p>
<p>The production facilities awarded under this tender will be eligible for getting direct incentives by SECI in ₹/kg of green hydrogen production on an annual basis for three years from the date of commencement of green hydrogen production.</p>
<p>The incentive payout to the green hydrogen producer will be calculated as follows:</p>
<p>Incentive payout in a given year = [(Incentive quoted for that year in ₹/kg) x (Allocated capacity or Actual production in the year, in kg, whichever is lower)].</p>
<p>In another tender, SECI <a href="https://www.mercomindia.com/seci-rfs-1-5-gw-electrolyzer-manufacturing" target="_blank" rel="noopener">issued</a> a request for selection (RfS) of electrolyzer manufacturers for setting up 1.5 GW of electrolyzer manufacturing capacities in India under Tranche-I of the SIGHT program.</p>
<p>Earlier, MNRE had <a href="https://www.mercomindia.com/ministry-175-billion-program-green-hydrogen" target="_blank" rel="noopener">released</a> a framework document outlining incentive programs for the manufacturing of electrolyzers and the production of green hydrogen within the country, with a combined financial outlay of ₹174.9 billion (~$2.12 billion).</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


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