Centre Signs Clean Energy Pact with Coal Gasification Firms
COAL & MINING

Centre Signs Clean Energy Pact with Coal Gasification Firms

In a major move to advance cleaner energy alternatives, India’s Ministry of Coal has signed the Coal Gasification Plant Development and Production Agreement (CGPDPA) with selected applicants under Category II of the Coal Gasification Financial Incentive Scheme. This category encompasses both private companies and public sector undertakings.
The agreement signing took place in the presence of Shri Sanoj Kumar Jha, Additional Secretary at the Ministry of Coal, alongside Shri Asheesh Kumar, Officer on Special Duty (Technical), and Shri BK Thakur, Director (Technical).

The selected applicants under Category II include:

1. Jindal Steel and Power Limited
2. New Era Cleantech Solution Private Limited
3. Greta Energy and Metal Private Limited

Launched on 24 January 2024, the financial incentive scheme carries a total outlay of Rs 85 billion. It targets the achievement of 100 million tonnes of coal gasification by 2030, aiming to utilise India’s vast domestic coal reserves to drive sustainable industrial growth. The scheme encourages broad participation from public and private sectors to establish coal gasification plants nationwide.

This initiative forms a core part of India’s clean coal transition roadmap. It is expected to mitigate environmental impact, bolster energy security, and promote economic development through technology-led infrastructure projects.

Image Source: thehansindia

In a major move to advance cleaner energy alternatives, India’s Ministry of Coal has signed the Coal Gasification Plant Development and Production Agreement (CGPDPA) with selected applicants under Category II of the Coal Gasification Financial Incentive Scheme. This category encompasses both private companies and public sector undertakings.The agreement signing took place in the presence of Shri Sanoj Kumar Jha, Additional Secretary at the Ministry of Coal, alongside Shri Asheesh Kumar, Officer on Special Duty (Technical), and Shri BK Thakur, Director (Technical).The selected applicants under Category II include:1. Jindal Steel and Power Limited2. New Era Cleantech Solution Private Limited3. Greta Energy and Metal Private LimitedLaunched on 24 January 2024, the financial incentive scheme carries a total outlay of Rs 85 billion. It targets the achievement of 100 million tonnes of coal gasification by 2030, aiming to utilise India’s vast domestic coal reserves to drive sustainable industrial growth. The scheme encourages broad participation from public and private sectors to establish coal gasification plants nationwide.This initiative forms a core part of India’s clean coal transition roadmap. It is expected to mitigate environmental impact, bolster energy security, and promote economic development through technology-led infrastructure projects.Image Source: thehansindia

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?