New Delhi: The Centre is likely to approve soon a Rs 37,500 crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing import dependence. The coal ministry has already prepared a Cabinet note on the scheme to promote coal gasification projects, with a financial outlay of Rs 37,500 crore, the sources said on Sunday.
The proposed scheme is aimed at accelerating surface coal and lignite gasification projects across the country, promoting self reliance by reducing import dependence on critical commodities such as LNG, urea, ammonium nitrate, ammonia, coking coal via DRI, methanol and DME, while enabling enhanced utilisation of domestic coal and lignite resources for fuels and chemicals production, and supporting the national target of 100 million tonnes coal gasification capacity by 2030.
However, the sources said that this is a unified scheme with no categories, and the maximum financial assistance for a single project is Rs 3,000 crore. In the earlier financial incentive scheme for gasification projects the government has provided financial support under three categories which included the maximum incentive of Rs 1,000 crore per project for the private sector and Rs 1,350 crore per project for the PSUs, sources said.
The government is now positioning coal gasification as a strategic lever to convert domestic coal into fuels and chemicals, reduce import dependence, and strengthen energy security at a time when global supply chains remain fragile. India has one of the largest coal reserves of 401 billion tonnes, uniquely positioning it to leverage domestic resources for reducing the dependence on imports and building a clean, resilient energy economy.
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