Gensol Engineering Limited and Matrix Gas & Renewables Ltd. have secured a major contract under the Production Linked Incentive (PLI) scheme for green hydrogen. The consortium has won a bid for a 237 MW annual capacity to establish an electrolyser manufacturing plant. This bid was awarded through a competitive tender conducted by the Solar Energy Corporation of India (SECI).
In addition to the newly secured 237 MW, the Gensol-Matrix partnership has previously been awarded 63 MW in the first tranche of the SECI tender, bringing their total capacity to 300 MW and a cumulative incentive of Rs. 450 crore under the PLI scheme. The PLI scheme is part of India’s National Green Hydrogen Mission, aimed at boosting the country’s production of green hydrogen to 5 million metric tons annually by 2030.
Anmol Jaggi, Managing Director of Gensol Engineering Ltd., commented on the achievement, stating, “Winning this PLI capacity under the National Green Hydrogen Mission is a testament to our commitment and technical capabilities. It not only strengthens our position in the green hydrogen sector but also opens up new avenues for growth and collaboration in renewable energy.”
Chirag Kotecha, Whole-time Director at Matrix Gas and Renewables Ltd., highlighted the significance of the win: “Securing the PLI bid for this prestigious project amid stiff competition underscores our technological expertise and manufacturing experience. Our electrolyser manufacturing initiative is crucial for large-scale decarbonization through green hydrogen, aligning with our vision of establishing India as a leader in sustainable, low-carbon energy.”
Both Gensol Engineering and Matrix Gas are promoted by common entities and will continue to collaborate in the green hydrogen sector, including green steel and green ammonia, leveraging their combined expertise to advance India’s renewable energy goals.