₹37,500 Crore Coal Gasification Scheme Gets No Applications As Deadline Nears
New Delhi, Sep 4: The government's ambitious Rs 37,500-crore financial incentive scheme for the promotion of coal gasification has found no taker so far, according to sources. Despite the September 7 deadline, the scheme has received no application from any private or public player to set up projects under the programme, raising concerns over the viability of the coal ministry's push to gasify 75…
The ambitious Rs 37,500-crore coal gasification incentive scheme, announced by the Indian government, has yet to receive any applications despite its September 7 deadline, according to sources. The coal ministry, in an emailed response, confirmed that no applications had been submitted from private or public players for setting up projects under the programme.
The ministry acknowledged receiving communications from several industries expressing their interest in participating in the scheme, but stressed that the application rounds are scheduled every two months, offering multiple chances for industry engagement. The Cabinet had previously approved the scheme to bolster clean energy production and reduce the nation's dependence on LNG, urea, and methanol imports, while safeguarding the country from global price volatility and supply chain disruptions.
India possesses substantial coal and lignite reserves, accounting for a significant portion of the country's energy mix, making coal gasification a strategic move towards enhancing energy security and cutting reliance on costly imports.
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