India sets up Rs100cr fund for hydrogen fuel research

Vol 8, PW 4 (19 May 04) News in Brief
     

India has taken a first step in joining the small club of nations looking to hydrogen fuel as an alternative to fossil-based fuels.

Early this year, Indian Oils research and development department took the initiative and organised an international workshop in Delhi on hydrogen fuel. Following this, the oil ministry asked all Indian state-owned oil companies to work together and in continuous co-ordination with reputed technological institutions to make headway in this frontier area.

Oil ministry bureaucrats have nominated Indian Oil as the lead company to pursue hydrogen fuel research and have ordered the setting up of a Rs100cr ($20m) Hydrogen Corpus Fund with contributions from the ministry-sponsored Oil Industry Development Board and Indian oil companies. The OIDB will contribute Rs50cr; ONGC and IOC will each contribute Rs16cr and GAIL, HPCL and BPCL will contribute Rs6cr.