ACME, Greenko, Reliance, BPCL among SECI's green H2 production tender winners

The list of winning bidders for Solar Energy Corporation of India's (SECI) tender for the selection of green hydrogen producers for setting up local production facilities in India has been revealed. Mercom India Research, quoting its sources, has reported the winners of the tender floated in July last year under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-I). 

The tender's quoted capacity of 450,000 metric tonne per annum (mtpa) is split two categories, namely Technology Agnostic Pathways (Bucket I) and Biomass Based Pathways (Bucket II) with 410,000 mtpa and 40,000 mpta respectively. 

The leading winners in Bucket I auction results are Reliance Green Hydrogen and Green Chemicals, ACME Cleantech, and Greenko ZeroC winning the maximum bidding capacity of 90,000 mtpa, at an average incentive of ₹18.90 per kg, ₹30 per kg and ₹30 per kg respectively. 

Other winners in technology agnostic bucket include HHP Two (Hygenco) securing 75,000 mtpa, Welspun New Energy, Torrent Power, Calcutta Electric Supply Corporation (CESC), UPL Limited, and JSW Neo Energy. 

In Bucket II, Bharat Petroleum Corporation of India (BPCL) is the only successful bidder with 2,000 mtpa capacity with an average incentive price of ₹30 per kg, as reported by Mercom.

The average incentive is based on the three-year incentive that companies demand in their proposals. It is reported that the bids are still undergoing evaluation and an official announcement is expected later this month.

The tender received in December last year is said to have garnered an overwhelming response from companies eying to set up green H2 facilities in India. The winning bidders are obliged to establish thousand metric ton (tmt) scale green hydrogen production facilities in the country within 30 months after the official award.

It is to be noted that the SIGHT scheme is an initiative under the National Green Hydrogen Mission announced by the Union government of India last year, with an outlay of ₹17,490 crore for the scheme, which proposes two financial incentive mechanisms for the local production of electrolyzers and green hydrogen in the country.