The Gujarat cabinet adopted the draught land allocation policy for green hydrogen projects, taking the initiative in India's major transition to the production of green hydrogen. According to important sources with knowledge of the situation, land parcels totaling 1.99 lakh hectare have been set aside for five important private sector firms considering their entry into the production of green hydrogen, along with additional incentives. The distribution process will shortly get underway.
The major players are Reliance New Energy Limited (74,750 ha), Adani New Industries Limited (84,486 ha), Torrent Power Limited (18,000 ha), ArcelorMittal Nippon Steel India Limited (14,393
ha), and Welspun Group (8,000 ha), which have all received preliminary approval from the state government for land parcels in the districts of Kutch and Banaskantha. The state cabinet has approved 1.99 lakh acre at a rate of Rs 15,000 per hectare on a 40-year lease basis, compared to a demand of 3.26 lakh hectare in company applications. A source added, "Further land allocation may be approved in the coming days." The expected revenue for the government from these land parcels is Rs 299 crore.
These five corporations will provide the government with a security deposit of Rs 2,998 crore. According to government estimations, the entire amount of renewable energy using green hydrogen on the planned land is anticipated to be 99,814 MW, with a production of 39.95 lakh metric tonnes of green hydrogen.
Among the participants, the Reliance Group has already agreed to a memorandum of understanding with the government to invest Rs 5.6 lakh crore in the construction of a 100GW renewable energy park, a green hydrogen park, and the production of electrolysers. The Adani Group, on the other hand, has also unveiled a bold investment strategy totaling $70 billion for green energy projects. Gujarat's state government will soon reveal a new initiative to encourage the generation of green hydrogen. In fact, it is anticipated that Green Hydrogen projects will receive priority sector status and be given special attention at the upcoming Vibrant Gujarat Global Summit (VGGS).
