SIGHT Scheme: Record-Low Green Ammonia Price of ₹55.75/kg
Why in the news
A record-low green ammonia price of ₹55.75 per kg emerged in the first SECI auction under Mode-2A of SIGHT.
Key facts
- SIGHT (Strategic Interventions for Green Hydrogen Transition) is a financial mechanism under the National Green Hydrogen Mission.
- Goals: scale up green hydrogen, cut costs versus fossil fuels, create home demand in fertilizer, shipping, steel and refining.
- Outlay: ₹17,490 crore covers production incentives, infrastructure and offtake support.
Modes
| Mode | Design |
|---|---|
| Mode 1 | Reverse auction; lowest incentive seeker wins |
| Mode 2A | Fixed incentive, green ammonia, aggregated demand |
| Mode 2B | Fixed incentive, green hydrogen, aggregated demand |
About green ammonia
- Made from green hydrogen produced by electrolysis on renewable power.
- Used in fertilizer, shipping fuel and energy storage.
Exam angle
- Nodal ministries: MNRE and MoPNG.