COAL & MINES

India’s target to gasify 100 MT coal to entail investment of over Rs 4 lakh cr: Joshi

India’s target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore, Coal Minister Pralhad Joshi said on Monday. Coal gasification is the process of producing syngas — a mixture consisting mainly of carbon monoxide, hydrogen, carbon dioxide, natural gas and water vapour — from coal.

“Coal gasification and liquefaction is no more an aspiration, but a requirement. For encouraging use of clean sources of fuel, government has provided for a concession of 20 per cent on revenue share of coal used for gasification. This will boost production of synthetic natural gas, energy fuel, urea for fertilisers and production of other chemicals,” Joshi said.

Joshi was addressing a webinar on coal gasification and liquefaction organised by the coal ministry.

This 100 MT coal gasification will happen in three phases. In the first phase — from 2020-2024 — 4 million tonnes (MT) of coal will be gasified and around Rs 20,000 crore will be invested for the same.

Source
ET Energy World
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