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Himachal, HLC Green Sign MoU For Investing Rs 4,000 Cr

The CM Sukhvinder Singh Sukhu said that he aims to make Himachal Pradesh the first green state by 2025 and this MoU is a step towards it

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The Himachal Pradesh government and HLC Green Energy LLC  signed a MoU on Monday for collaboration on green hydrogen.

Chief Minister Sukhvinder Singh Sukhu said he aims to make Himachal Pradesh the 'First Green State' by 2025 and a leading green hydrogen-based economy, and this MoU was a step towards it. 

The MoU was signed in the presence of Industries Minister Harshwardhan Chauhan, Director Industries, Rakesh Kumar Prajapati and Managing Director of M/s HLC Green Energy LLC, Sanjay Sharma.

The Chief Minister while expressing happiness over the signing of MoU said that Green hydrogen has the potential to reduce greenhouse gas emissions significantly, potential of reducing fertiliser prices and contribute to the nation's economy through import substitution. He said that Himachal Pradesh was already famous for Green Hydel energy and will now encourage new clean energy projects such as ethanol, green hydrogen, green ammonia, solar.

The CM further said that the State has a clear-cut advantage on account of abundant green hydel energy and abundance of water resources and assured full cooperation and support from the state government to the company in setting up the hydrogen project.

Industries Minister Chauhan said that the company intends to produce 0.3 million metric tons (MMT) of Green Hydrogen and 1.5 million metric tons (MMT) of Green Ammonia per year respectively.

The land requirement for this project is around 20-25 acres and likely to be set up in Una and Kangra due to water and logistics suitability.

The minister said that the manufacturing facility has planned to bring in an investment of more than Rs 4,000 crore, besides generating direct and indirect employment opportunities for about 2,500 individuals.

It may be recalled that in January 2023, Union Cabinet approved the National Green Hydrogen Mission, which aims to make India a global hub for the production, utilization, and export of such technologies. The green hydrogen mission will gradually lead to the decarbonisation of industrial, transport, and energy sectors; a reduction in dependence on imported fossil fuels, among others. 

The initial financial outlay for the mission is pegged at Rs 19,744 crore, which includes research and development activities.(ANI)