Government needs to ensure the industry, rules and regulations do not affect investment: Power Secretary – Government needs to ensure the industry, rules and regulations do not affect investment, power secretary

Government needs to ensure the industry, rules and regulations do not affect investment: Power Secretary – Government needs to ensure the industry, rules and regulations do not affect investment, power secretary

New Delhi, Jun 22 (PTI) Union Power Secretary Alok Kumar on Tuesday said the government and industry should work together to ensure that the existing rules and regulations do not create hurdles in the way of investment.

He said this at the two-day BRICS Green Hydrogen Summit organized ‘online’ by public sector power company NTPC.

NTPC said in a statement quoting Kumar, “The government and the industry need to work together to ensure that rules and regulations do not create unnecessary hurdles in the way of investment.”

He said that trade would benefit from common international standards for safe transportation and storage of large quantities of hydrogen and appropriate certificates of origin.

The Secretary said that BRICS countries can work together on these aspects.

Kumar said, “India has launched an ambitious National Hydrogen Mission to produce green hydrogen in a competitive manner. Under this, procurement of green hydrogen will be mandatory for fertilizers/refineries belonging to the private sector.

Gurdeep Singh, Chairman and Managing Director, NTPC said, “The five BRICS countries share a common vision of sustainable development and inclusive economic growth. Strengthening energy cooperation and ensuring affordable, reliable, accessible and safe energy for all has always been an important strategic area on the agenda of BRICS countries.

BRICS countries include Brazil, Russia, India, China and South Africa.

Singh said that India will not only reduce its import dependence on hydrocarbon fuels by mass adoption of hydrogen, but will also reduce greenhouse gas emissions by providing clean air to its citizens and make the country ‘Self-reliant India’. will fulfill the vision of

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In the ‘Online’ program, experts from all the countries involved in the BRICS gave their views on the subject and informed about the latest activities happening in their respective countries in the region.

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