The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
The company said the factory will be commissioned in two phases and the first phase of 500 Megawatt (MW) annual capacity for electrolyzer production is expected to be operational in 2026.
Karnataka minister for Large and Medium Industries MB Patil said the state government has prioritised the production of clean energy, which is crucial for achieving sustainable development.
This was largely driven by greater awareness about climate change and the need to address it, as well as falling cost of generating renewable energy.
RIL will simultaneously set up a fully-integrated, automated, giga-scale electrolyser manufacturing facility, Ambani said
The last date to submit the bids is September 7, 2023 and bids will be opened on September 12.
Bidders will have to fulfil certain values of electrolyser performance such as specific energy consumption (SEC) and local value addition (LVA) for being eligible for the performance-linked incentive scheme.
The electrolyser incentive will be based on a performance multiplier matrix covering aspects such as energy consumption by the electrolyser and its performance quotient.
Meanwhile, NGEL) and UPRVUNL signed a MoU in Lucknow on June 1 to collaborate in the development of renewable energy (RE) parks and projects.
Kant said the price of green hydrogen needs to brought down to about $2.5 per kilogramme in the next two to three years.
The project is a joint effort of NTPC and Gujarat Gas Ltd (GGL).
On Wednesday, GreenZo Energy announced plans to invest up to Rs 400 crore in a 250 MW electrolyser facility. The company would also invest Rs 70 crore in R&D for the manufacture of the green hydrogen electrolyzer in 2022-23, according to the company.