India Targets 100 MT Coal Gasification By 2030

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Capital Market
Last Updated : Sep 01 2020 | 2:31 PM IST
India aims for 100 million tonnes (MT) coal gasification by 2030 with investments worth over Rs. 4 lakh crores, said Shri Pralhad Joshi, Union Minister of Coal and Mines. Addressing a webinar on Coal Gasification and Liquefaction, Joshi said that Coal Gasification and Liquefaction is no more an aspiration, but a requirement. He added that for encouraging use of clean sources of fuel, government has provided for a concession of 20% on revenue share of coal used for gasification. He emphasized that this will boost production of synthetic natural gas, energy fuel, urea for fertilisers and production of other chemicals. The webinar was organised by Ministry of Coal (MoC) in New Delhi for discussing the road map for achieving the target. The webinar was attended by around 700 delegates from Government of India, CIL and the coal sector. Reiterating on government's commitments for green initiatives in the coal sector, Joshi said that Coal Gasification and Liquefaction are well in the government's agenda and various actions have been taken for development of Surface Coal Gasification in India.

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First Published: Sep 01 2020 | 2:10 PM IST

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