Read the following passage carefully:
"In May 2026, the Ministry of New and Renewable Energy updated the operational guidelines for the National Green Hydrogen Mission. Under the revised framework, financial incentives for electrolyser manufacturing are restricted exclusively to projects utilizing proton exchange membrane (PEM) and alkaline electrolyser technologies, while solid oxide electrolyser (SOE) projects are eligible only for research and development grants. Furthermore, to qualify for production-linked incentives, manufacturing units must achieve a minimum local value addition of 60% in the first year, escalating to 80% by the third year of commercial operations. However, existing manufacturing plants established prior to April 2024 are exempt from the local content requirement for their first two years of expansion."
Statement: Based on the passage, existing electrolyser manufacturing plants established prior to April 2024 are entirely ineligible for production-linked financial incentives under the revised guidelines.
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