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Cabinet approves the scheme for promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector

in Business January 24, 2024 Comments Off on Cabinet approves the scheme for promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector 576 Views

Newdelhi:24/1/24:The Cabinet chaired by Prime Minister Shri Narendra Modi approved the scheme for the promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector with an outlay of Rs.8,500 crore towards incentives for coal gasification projects under three categories.

The cabinet has approved the scheme as follows:

  1. A total outlay of Rs.8,500 crore will be provided as financial assistance for coal gasification projects under three categories.
  2. In category I, Rs.4,050 crore is provisioned for Government PSUs in which up to 3 projects will be supported by providing a lump-sum grant of Rs.1,350 crore or 15% of capex, whichever is lower.
  3. In category II, Rs.3,850 crore is provisioned for the private sector and Government PSUs in which a lump-sum grant of Rs.1,000 crore or 15% of capex, whichever is lower provided for each project. At least one project will be bid out on a tariff-based bidding process and its criteria will be designed in consultation with NITI Aayog.
  4. In category III, Rs.600 crore provisioned for demonstration Projects (indigenous technology) and small-scale product-based Gasification Plants under which a lump-sum grant of Rs.100 crore or 15% of capex, whichever is lower, will be given to the selected entity will have a minimum Capex of Rs. 100 Crore and minimum production of 1500 Nm3/hr Syn gas.
  5. Entities under categories II and III shall be selected through a competitive and transparent bidding process.
  6. The grant will be paid to the selected entity in two equal installments.
  7. EGoS chaired by Secretary Coal shall be fully empowered to make any changes required in the modalities of the scheme subject to the condition that overall financial outlay remain within Rs.8,500 crore.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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