Current Affairs

Coal Gasification

Coal Gasification

Government has launched a Scheme with financial outlay of ₹8500 crore to provide viability gap funding (VGF) to promote Coal/Lignite Gasification Projects for both PSUs and the private sector. The approved scheme covers projects under following three categories –

Ministry of Coal has floated Request for Proposals (RFPs) for seeking applications for setting up of Coal/Lignite Gasification projects under all three categories, as mentioned above. RFPs provide a time frame of 5 years from the date of execution of agreement of financial incentive scheme. As per the timelines, the date of submission of bid is 11.11.2024 and the date of execution of Agreement is 13.05.2025. Hence, the commercial scale Coal Gasification Projects are expected by May 2030 in the country.

This information was given by Union Minister of Coal and Mines Shri G. Kishan Reddy in a written reply in Lok Sabha today.

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