Government's Rs 8,500 Crore Boost for Coal Gasification Projects

On 24th January, 2024, in a significant move towards energy independence and the promotion of indigenous technologies, the Union Cabinet approved a financial incentive scheme amounting to Rs 8,500 crore for coal gasification projects.

The scheme aligns with Prime Minister’s vision to gasify 100 million tonnes of coal by 2030.

Key Points

  • Public Sector Utilities (PSUs): Rs 4,050 crore allocated for up to three projects, with a lump sum grant of Rs 1,350 crore or 15% of capex, whichever is lower.
  • Government and Private Sector Projects: Rs 3,850 crore earmarked, offering a lump sum grant of Rs 1,000 crore or 15% of ....
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Ecology & Environment