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With reference to the strategic interventions for green hydrogen transition (SIGHT) programme, consider the following statements:
- Under this programme financial incentives is provided for the manufacturing of electrolyzers.
- It is implemented by the Solar Energy Corporation of India.
Which of the statements given above is/are correct?
- a)1 Only
- b)2 Only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to the strategic interventions for green hydrogen trans...
The correct answer is option 'C' - Both 1 and 2.
Explanation:
The Strategic Interventions for Green Hydrogen Transition (SIGHT) program is an initiative of the Ministry of New and Renewable Energy (MNRE), Government of India. It aims to promote the manufacturing and deployment of green hydrogen and green hydrogen-based applications in the country. Let's analyze each statement to understand why both of them are correct.
1. Under this program, financial incentives are provided for the manufacturing of electrolyzers.
The production of green hydrogen requires the use of electrolyzers, which are devices that use electricity to split water into hydrogen and oxygen. Electrolyzers play a crucial role in the production of green hydrogen, and their manufacturing is a key component of the SIGHT program. To encourage the domestic manufacturing of electrolyzers, the program provides financial incentives in the form of subsidies, grants, or tax benefits to eligible manufacturers. These incentives aim to make the manufacturing process more cost-effective and attractive for companies, thereby promoting the growth of the green hydrogen industry in India. So, the first statement is correct.
2. It is implemented by the Solar Energy Corporation of India.
The Solar Energy Corporation of India (SECI) is a public sector undertaking under the administrative control of MNRE. SECI is responsible for the implementation of various renewable energy programs and initiatives in the country. In the case of the SIGHT program, SECI is indeed the implementing agency. It plays a crucial role in overseeing the program's implementation, including the selection of eligible manufacturers, disbursement of financial incentives, monitoring of progress, and evaluation of outcomes. Therefore, the second statement is also correct.
In conclusion, both statements are correct. The SIGHT program provides financial incentives for the manufacturing of electrolyzers, and it is implemented by the Solar Energy Corporation of India.
Explanation:
The Strategic Interventions for Green Hydrogen Transition (SIGHT) program is an initiative of the Ministry of New and Renewable Energy (MNRE), Government of India. It aims to promote the manufacturing and deployment of green hydrogen and green hydrogen-based applications in the country. Let's analyze each statement to understand why both of them are correct.
1. Under this program, financial incentives are provided for the manufacturing of electrolyzers.
The production of green hydrogen requires the use of electrolyzers, which are devices that use electricity to split water into hydrogen and oxygen. Electrolyzers play a crucial role in the production of green hydrogen, and their manufacturing is a key component of the SIGHT program. To encourage the domestic manufacturing of electrolyzers, the program provides financial incentives in the form of subsidies, grants, or tax benefits to eligible manufacturers. These incentives aim to make the manufacturing process more cost-effective and attractive for companies, thereby promoting the growth of the green hydrogen industry in India. So, the first statement is correct.
2. It is implemented by the Solar Energy Corporation of India.
The Solar Energy Corporation of India (SECI) is a public sector undertaking under the administrative control of MNRE. SECI is responsible for the implementation of various renewable energy programs and initiatives in the country. In the case of the SIGHT program, SECI is indeed the implementing agency. It plays a crucial role in overseeing the program's implementation, including the selection of eligible manufacturers, disbursement of financial incentives, monitoring of progress, and evaluation of outcomes. Therefore, the second statement is also correct.
In conclusion, both statements are correct. The SIGHT program provides financial incentives for the manufacturing of electrolyzers, and it is implemented by the Solar Energy Corporation of India.
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Community Answer
With reference to the strategic interventions for green hydrogen trans...
Recently, the union Ministry of New and Renewable Energy (MNRE) has issued scheme guidelines for implementation of strategic interventions for green hydrogen transition (SIGHT) programme.
- It is a sub component under the National Green Hydrogen Mission.
- Aim of the programme:
- Component I: It aims at providing electrolyzer manufacturing incentives with a total outlay of INR 4440 crore
- Component II: It focuses on green hydrogen production with financial outlay of INR 13050 crore.
- Implementing agency: The Solar Energy Corporation of India (SECI) would be the implementing agency responsible for the scheme’s execution.
Key facts about National Green Hydrogen Mission
- It was launched in 2022, with the goal of making India energy independent and decarbonising major sectors of the economy.
- Benefits of this mission
- India’s Green Hydrogen production capacity is likely to reach at least 5 MMT per annum, with an associated renewable energy capacity addition of about 125 GW.
- The targets by 2030 are likely to bring in over Rs. 8 lakh crore investments.
- Nearly 50 MMT per annum of CO2 emissions are expected to be averted by 2030.
Hence both statements are correct.
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With reference to the strategic interventions for green hydrogen transition (SIGHT) programme, consider the following statements: Under this programme financial incentives is provided for the manufacturing of electrolyzers. It is implemented by the Solar Energy Corporation of India.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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