Coal Ministry signs CGPDPA under Category II of the coal gasification financial incentive scheme

The selected applicants under Category II of the Coal Gasification Financial Incentive Scheme are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited and Greta Energy and Metal Private Limited.

In a significant step toward promoting cleaner energy alternatives, the 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 includes projects under both private sector companies and government PSUs.

The selected applicants under Category II of the Coal Gasification Financial Incentive Scheme are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. These companies have been chosen to spearhead coal gasification projects aimed at promoting cleaner energy alternatives and advancing India’s sustainable industrial growth agenda.

Launched on January 24, 2024, the Financial Incentive Scheme for Coal Gasification has a total outlay of ₹8,500 crore. The scheme aims to achieve 100 million tonnes of coal gasification by 2030, leveraging India’s abundant domestic coal reserves to promote sustainable industrial development. It encourages participation from both public and private sector players to establish coal gasification projects across the country.

This initiative is a key component of India’s clean coal transition strategy. It is expected to reduce environmental impact, enhance energy security, and drive economic growth through technological innovation and infrastructure development.

The signing ceremony was conducted in the august presence of Sanoj Kumar Jha, Additional Secretary, Ministry of Coal along with Asheesh Kumar, OSD (Technical), and BK Thakur, Director (Technical), Ministry of Coal.