Two of the 14 participants in the government’s tender for green hydrogen – UPL Ltd and CESC Projects Ltd – have not sought any incentives while, among the rest, a Reliance Industries arm bid for the lowest incentive required by it at INR 18.9 per kg on an average of three years, sources said.
Other winners in the tender for 450,000 metric tonnes of green hydrogen per year include Welspun New Energy, HHP Two Pvt Ltd, Acme Cleantech, Greenko ZeroC, and Bharat Petroleum Corporation (BPCL). Reliance Green Hydrogen and Green Chemicals bid for producing 90,000 metric tonnes of green hydrogen per year, which was the maximum capacity limit for a bidder, while UPL bid for 10,000 metric tonnes, the minimum quantity under the tender, and CESC Projects bid for 10,500 metric tonnes, sources said. “We don’t know the reason yet as to why bids which do not require any incentive were made,” a senior government official told ET.
The bidding was on the least incentive demanded over three years through a competitive selection process by the Solar Energy Corporation of India. The financial bids were opened on Tuesday.
Emails sent to CESC and UPL remained unanswered till press time.
