The ministry of coal (MoC) has received substantial industry support for its Financial Incentive Scheme, aimed at accelerating coal gasification projects and advancing India’s commitment to a sustainable, low-carbon future.
The scheme represents a significant step in India’s energy transition and has garnered enthusiastic participation from key players in the coal sector.
Strong Participation in Technical Proposal Submissions
On November 11, 2024, the coal ministry closed submissions for category I and III proposals, with a total of five proposals received.
Category I saw three submissions from government public sector undertakings (PSUs) or joint ventures of PSUs. The category III had two entries focused on demonstration projects and
small-scale plants.
The technical proposals, opened on November 12, underscored the industry’s growing confidence in coal gasification as a vital component of India’s clean coal strategy.
Coal Gasification: A Key to India’s Clean Coal Transition
Vismita Tej, Additional Secretary at MoC, highlighted the initiative’s importance in transforming India’s coal sector.
Tej expressed optimism about the strong participation, emphasizing that it demonstrates the industry’s increasing commitment to cleaner, more efficient technologies.
She assured that the ministry is committed to working alongside stakeholders and addressing any concerns to ensure the success of this sustainable transition.
Financial Backing and Ambitious Goals for 2030
An investment of ₹8,500 crore backs the scheme. It aligns with India’s larger objective of achieving 100 million tons of coal gasification by 2030.
The initiative aims to utilize India’s domestic coal reserves responsibly, supporting national energy needs and climate goals.
Extension for Private Sector Participation
To encourage broader participation, the ministry has extended the deadline for category II submissions. Private companies and PSUs are targeted by it to January 10, 2025.
As reported by energycentral.com, the extension aims to draw in more stakeholders. It amplifys the scheme’s momentum and fostering diverse collaboration across the sector.
