The ministry of coal has announced the selected applicants under Category-II of its Financial Incentive Scheme, marking a significant step in India’s coal gasification program.
With a financial outlay of ₹8,500 crore, the scheme aims to accelerate coal gasification, cut carbon emissions, enhance energy security, and promote sustainable development.
Encouraging Industry Participation
Launched on January 24, 2024, the scheme encourages both private companies and government PSUs to invest in coal gasification projects.
The ministry issued a Request for Proposals (RFP) for Category-II on May 15, 2024, and opened technical bids on January 10, 2025.
Selected Companies Under Category-II
After evaluating the bids, the ministry has selected the following companies to receive financial incentives:
- Jindal Steel and Power Limited
- New Era Cleantech Solution Pvt. Ltd.
- Greta Energy Limited
Supporting India’s Energy Transition
The initiative plays a crucial role in India’s goal of achieving 100 million tonnes of coal gasification by 2030.
The growing interest from industry players reflects the rising momentum in coal gasification technologies.
The shift signals a positive transformation in India’s energy sector, moving towards cleaner and more efficient coal utilization.
Reinforcing a Greener Future
The successful completion of this bidding process strengthens the Ministry of Coal’s vision. It promotes a greener and more energy-efficient coal industry.
As reported by pib.gov.in, India is making significant strides towards sustainable coal usage. With sustained efforts and industry participation, the environmental impact is being reduced.
