Ministry of Coal : Promoting India’s Coal Gasification Initiative
The Ministry of Coal has announced the selected applicants under Category-II of the Financial Incentive Scheme, a significant milestone in India’s ambitious coal gasification initiative. With a financial allocation of ₹8,500 crore, the scheme aims to accelerate coal gasification, reduce carbon emissions, strengthen energy security, and promote sustainable development.
Launched on January 24, 2024, the scheme encourages both private companies and government PSUs to undertake coal gasification projects. The Request for Proposals for Category-II was issued on May 15, 2024, and technical bids were opened on January 10, 2025. The following are the selected applicants eligible to receive financial incentives under Category-II of the scheme
Category II (for Private Sector & Government PSUs):
- Jindal Steel and Power Limited
- New Era Cleantech Solution Pvt. Ltd.
- Greta Energy Limited
This initiative is a crucial element of India’s plan to reach 100 million tonnes of coal gasification by 2030. The increasing participation from the industry in this bidding process reflects the growing interest in coal gasification technologies, marking a positive shift in India’s energy landscape and its move away from traditional coal usage.
The successful completion of this bidding process strengthens the Ministry of Coal’s vision of a more sustainable and energy-efficient coal industry.