Coal sector: Govt plans financial support for coal gasification projects, higher production in 2024
The Hindu
Government sets policies to promote coal gasification, reduce imports & emissions, increase production & digitise records to meet India's rising electricity demand.
Rolling out a policy to provide financial support for coal gasification projects, augmenting production and promoting underground mining activities are among the government's priorities for the coal sector, which is key to meeting the country's rising electricity demand.
Besides, efforts will be made to bring more captive and commercial coal mines into operation, improve the quality of the dry fuel and transportation infrastructure for environmental sustainability. Digitisation of mine records is also on the cards.
In an interview with PTI, Coal Secretary Amrit Lal Meena said the government has already notified two policies concerning coal gasification and plans to provide financial support and tax incentives for such projects.
The Ministry of Coal has set a target to gasify 100 Million Tonnes (MT) of coal by FY 2030 in line with its energy transition plans.
"Now, we are coming out with a policy for certain financial support and tax incentives (for coal gasification projects). This is under consideration... and we will ensure that coal gasification will see positive acceleration," Mr. Meena said.
He also emphasised that the government is working to create an enabling environment to promote coal gasification.
Coal gasification is expected to reduce imports by 2030 as well as reduce carbon emissions and foster sustainable practices.
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