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Concession of 20% provided on revenue share of coal used for gasification: Minister

 

By TIOL News Service

NEW DELHI, SEPT 01,2020: INDIA aims for 100 million tonnes (MT) coal gasification by 2030 with investments worth over Rs. 4 lakh crores , said Mr Pralhad Joshi, Union Minister of Coal and Mines . Addressing a webinar on Coal Gasification and Liquefaction, Mr 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, Mr 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. A Steering Committee has been constituted in this regard under the chairmanship of Dr. V.K. Saraswat, Member, NITI Aayog comprising of members from the Ministry of Coal. CIL has also planned to set up at least 3 gasification plants (besides Dankuni) on BOO basis through global tendering and has signed an MOU with GAIL for marketing synthetic natural gas.

Mr Joshi urged the attendees of the session to explore more about technologies & other aspects in Coal Gasification sector, in line with our country's SWOT analysis. He added that this will help in harnessing nation's reserves for maximum utilisation while heading on the path to sustainability, as per global standards.


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