Based in Seoul, The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as "green growth", which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change.
Global Green Growth Institute (GGGI) following its larger mandate of supporting green growth in India, integrating environmental sustainability with economic and social development and poverty reduction, is working to create an enabling ecosystem for large-scale green hydrogen projects in the Indian petrochemical industry. GGGI is developing bankable business models, designing suitable implementation strategies, mobilizing green finance and developing efficient institutional funding program/mechanism to bridge the price gap between grey and green hydrogen. GGGI’s work will create demand from off takers for Green Hydrogen.
Currently, India imports around 23 million tons (MT) of Liquefied Natural Gas (which is a primary feedstock for hydrogen production in industrial manufacturing), which costs more than 8 billion USD annually. Around 75% of the LNG imported is used to meet the annual hydrogen demand and results in a revenue exchange of 6.25 billion USD. Despite an early start (India’s first Hydrogen and Fuel Cell Roadmap in 2006); India has lagged other parts of the world in moving towards large-scale demonstration hydrogen projects. Recognizing the role of Hydrogen in India’s green growth targets, the Government of India has launched the “National Hydrogen Energy Mission” with focus on generating green hydrogen and enabling its commercial use across the sectors including chemical and fertilizer, petrochemical, transport, iron and steel, among others.
GGGI in partnership with World Bank will target to mainstream development of green hydrogen in India through the following two components
Develop a suitable institutional mechanism supported by a financial instrument to bridge the price gap between grey and green hydrogen to enable demand offtake from users and act as demand aggregator. The institutional mechanism will provide long-term price signal to private sector for making investment.
Develop a project (size to be based on locational feasibility) in a petrochemical unit of Indian Oil Corporation Ltd (IOCL) (state owned Fortune 500 Oil Company) which will help to better understand the technology, design, and operational aspects to build future projects going forward, and ways to bring in private sector through suitable business model.
Objectives / Purpose Of The Assignment:
Among the important project components is the creation of an institutional mechanism to bridge the price gap between grey and green hydrogen that will provide long-term price signal to attract private sector investments. This requires a complete sector assessment on the current use of hydrogen across different hard to abate industries. The assessment will open the specific opportunities for Green Hydrogen transition. To promote Green Hydrogen, assessment of the policy environment to identify, address and create and enabling regulatory and policy ecosystem of service providers and investors is required. The analysis requires an in depth understanding of the existing issues and constant engagement and interaction with India’s nodal ministry, oil and gas companies and World Bank. The purpose of this assignment is to nurture and maintain a network for collaboration with government departments, oil and gas companies, technology providers, private sector investors and other stakeholders to bridge the gap between grey and green hydrogen create an enabling policy and ecosystems of service providers under this project.
Scope Of Work:
The consultant hired for the assignments will have the following scope of work:
Supporting the GGGI in assessment of the Green Hydrogen Landscape in India.
Engage with the Nodal Ministry and other Government Departments for policy analysis and advocacy for transition from Grey to Green Hydrogen.
Provide inputs and support in developing and finalizing suitable bankable business models, designing suitable implementation strategies, mobilizing green finance and developing efficient institutional funding program/mechanism to bridge the price gap between grey and green hydrogen. GGGI’s work will create demand from off takers for Green Hydrogen.
Qualifications / Experience / Expertise:
BTech/MTech/MSc/PhD in the field of sustainable energy management, renewable energy.
At least 15 years of relevant work experience with at least 10 years with nodal ministries like MNRE, MoP etc. in renewable energy and or hydrogen is mandatory.
Experience in conducting sector and landscape assessment to identify potential opportunities, financial proposals and investment plans.
Experience of engaging with bilateral/ multilateral agencies in energy sector projects/programs.
Clear understanding of Green Hydrogen policies and incentive in India.
