Tuesday, July 1, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Rs.8,500cr VGF for gasification scheme

Fiinews by Fiinews
December 3, 2024
in Manufacturing
Reading Time: 3 mins read
A A
0
PIB
0
SHARES
16
VIEWS
LinkedinShare on Twitter

0:00

Rajya Sabha updated on coal-lignite gasification

The Government has approved Rs.8,500 crore incentive scheme to provide Viability Gap Funding (VGF) to promote Coal and Lignite Gasification Projects for both public and private sector undertakings, Minister of Coal and Mines G. Kishan Reddy said in a written reply in Rajya Sabha on 2 Dec http://coal.nic.in.

He also updated the house on steps taken by the government to promote the usage of clean coal technologies.

These are:

(i) Policy initiatives to support coal gasification projects:

In commercial coal block auction, there is a provision for 50% rebate in revenue share for the coal used towards gasification purposes.

Creation of sub-sector under Non-Regulated Sector (NRS) linkage auction to enable supply of coal to Coal-Gasification projects.

(ii) Incentive Scheme for Promotion of coal gasification – the Rs.8,500 crore scheme.

(iii) The Government has notified Underground Coal Gasification (UCG) Policy in September, 2016 to enable the development of UCG so as to maximize the utilization of difficult to mine coal and lignite resources and promote Clean Coal Technologies.

The Government had formulated Coal Bed Methane (CBM) Policy in 1997 for development of CBM. As per the policy, Ministry of Petroleum & natural Gas (MoPNG) became the administrative Ministry and Directorate General of Hydrocarbons (DGH) was made the nodal agency for development of CBM in the country https://www.bseindia.com/.

MoPNG in consultation with Ministry of Coal (MoC) has identified and offered CBM blocks from coal bearing areas. In partial modification of CBM Policy, 1997, vide notification dated 8 May 2018, the Government granted the exploration and exploitation rights of CBM to Coal India Limited (CIL) and its subsidiaries in coal bearing areas for which they possess coal mining rights https://www.nseindia.com/.

(v) the Government is also promoting beneficiation of coking coal in the country by setting up of coal washeries.

There is no specific concept to estimate Clean Coal Reserve. However, as on 1 April 2024, the total estimated coal resource in the county is 389,421.34 million tonnes https://www.iea.org/.

Details of coal bed methane potential in the country are as under:

As per DGH, the estimated CBM resources of India as on 31 April 2024 is 2,600 billion cubic meter (BCM).

At present, 15 CBM Blocks are active. Out of these 15 Blocks, 6 CBM Blocks are in production stage, 2 CBM Blocks are in development stage and 7 CBM Blocks are in exploration stage covering an area of about 7009 sq.km https://unfccc.int/.

MoPNG and DGH has still 5,100 sq km of coal bearing area for which CBM prospectivity examination is to be carried out.

In CIL subsidiaries leasehold, one CBM Block under Bharat Coking Coal Limited (BCCL) leasehold area, i.e. Jharia CBM Block-I has been awarded to CBM developer. The block is under exploration stage.

In addition, two more CBM blocks have been delineated for CBM extraction within existing leasehold area of CIL subsidiaries, he said. fiinews.com

Tags: Ministry of Coal
ShareTweetShare

Related Posts

Ericsson
Manufacturing

Manufacturing: India benefits form global partners

by Fiinews
July 1, 2025
0
15

Ericsson, Apple, Google and Qualcomm contribute beyond investments Minister of Communications Jyotiraditya M. Scindia has underlined the transformative impact of...

Greenzo Energy
Manufacturing

Manufacturing: Greenzo to invest in electrolyser

by Fiinews
July 1, 2025
0
14

Agarwal committed to green hydrogen ecosystem, New Delhi's Greenzo Energy Ltd remains committed to delivering world-class indigenous solutions that put...

RRP S4E

Manufacturing: India to get Bulgarian technology

July 1, 2025
15
Ohmium

Manufacturing: Partnership for hydrogen solutions

June 29, 2025
13
Sekisui

Manufacturing: Sekisui expands capacity in Pune

June 26, 2025
13
EVIndia

Manufacturing: MHI launches EV SPMEPCI

June 25, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: Military-grade integrity for digital space
  • Tech: SatSure-Dhruva Space to work on value chain
  • Tech: WaveX invites startups to create AI-solution
  • Export: Govt to facilitate easy trade environment
  • Tender: India plans 5,000 km of waterways

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.