Kerala government receives investment proposals worth Rs 72,000 crore to set up green hydrogen and green ammonia facilities
The Kerala government has received investment proposals worth Rs 72,760 crore from four companies seeking subsidies under the draft green hydrogen policy. The companies plan to establish green hydrogen and green ammonia facilities, aiming to export green ammonia. Each project will receive Rs 275 crore in capital expenditure subsidies and a 100% exemption on electricity duties for 25 years. Land identification is underway, with areas near eastern Kerala tea plantations being considered. One company submitted two proposals worth Rs 22,062 crore and Rs 4,511 crore.
The Kerala government has received investment proposals totaling Rs 72,760 crore from four major companies seeking subsidies under the state’s draft green hydrogen policy to establish green hydrogen and green ammonia facilities, reported ET Energy World.
According to the senior government official, the proposals are in the pipeline and packages have been worked out. The companies aim to export green ammonia to drive export-led growth.
Each of these four companies will receive approximately Rs 275 crore in capital expenditure subsidies for their projects. Additionally, the state government plans to grant a 100 percent exemption on electricity duties for 25 years.
One of the companies has submitted two distinct investment proposals amounting to Rs 22,062 crore and Rs 4,511 crore.
Official on the conditon of anonymity said, “Land identification for these projects is currently underway, with areas near tea plantations in eastern Kerala being considered.”
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