The Punjab Energy Development Agency has released a draft green hydrogen policy aiming to achieve a green hydrogen and ammonia production capacity of 100 kilo tonnes per annum by 2030. The policy proposes extending incentives under the existing “Punjab Industrial and Business Development Policy 2022” to new green hydrogen and ammonia ventures and expanding the existing units, with benefits varying by project category. Regulatory support under the “New & Renewable Sources of Energy Policy 2012” is also highlighted, including a full 100 per cent exemption from electricity duty during the construction phase. The policy suggests waiving charges related to converting agricultural land for industrial use, including land use change and external development fees, and proposes a 100 per cent exemption from stamp duty on land registration and lease activities. The draft proposes direct financial incentives including a capital subsidy of up to Rs 150 million per project for biomass-to-green hydrogen projects, limited to Rs 30 million per tonne per day (TPD) capacity and capped at five TPD. The incentive will be limited for the first ten such projects.