‘Coal gasification business to get VGF scheme in 3 months’
Live MintNEW DELHI : The Centre is likely to roll out the much-anticipated viability gap funding scheme for coal gasification in the next two to three months, said the union minister for parliamentary affairs, coal and mines Pralhad Joshi. Noting that coal gasification has so far been successful in countries where coal has low ash content, Joshi said that given that the ash content in the domestic coal is high, the government aims to make gasification viable and “create a success story" with fiscal support. India has been making efforts to gasify coal with high ash content and this scheme will give the government the opportunity to promote gasification in large scale commercial projects. The high ash content of domestic coal and the capital intensive process have so far made coal gasification unviable. State-run Coal India Ltd signed memorandums of understanding in October with public sector undertakings Bharat Heavy Electricals Ltd, Indian Oil Corp. Ltd and GAIL Ltd to set up three separate joint ventures for coal gasification.
History of this topic
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Govt plans 100 mt coal gasification by 2030 with ₹6,000 crore scheme
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