HomeSteel & CommoditiesGovt. allows 50% concession in Rev. share for Coal gasification

Govt. allows 50% concession in Rev. share for Coal gasification

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Union Minister of Coal, Mines & Parliamentary Affairs Mr. Pralhad Joshi said that Ministry of Coal has allowed concession of 50% in revenue share for coal gasification. Speaking at an Investors meet in Mumbai, Union Minister Mr. Pralhad Joshi also pitched for options like manufacturing Hydrogen from Coal to help India become energy independent. Earlier during the day Mr. Joshi launched the closed / discontinued mines of Coal India Ltd. on revenue sharing model.

Investor’s Meet on ‘Coal Gasification – Way Forward’ in Mumbai was organized by Coal India and FICCI. The Investor Meet cum workshop aims to encourage effective implementation of Coal Gasification projects and also to ensure ease of doing business in this area.

Minister of State for Coal, Mines & Railways Mr. Raosaheb Patil Danve said, ‘Coal Gasification is the need of the hour and a step towards sustainable future.  Union Minister Mr. Danve added that the Government aims gasification of 100 million tonne coal by 2030. “This will generate jobs in both technical and non-technical sector,” he added.

Coal gasification is considered as cleaner option compared to burning of coal. Gasification facilitates utilization of the chemical properties of coal. Union Minister Mr. Pralhad Joshi encouraged the industry players to think about ‘coal to Hydrogen’. During the event Mr.  Joshi launched a report ‘Roadmap for Coal to Hydrogen’, prepared by Ministry of Coal.

Experts from Industry, consultants, researchers and stakeholders in coal gasification spoke during the event. Apart from Additional Secretary, Ministry of Coal, Mr.  M. Nagaraju and Chairman CIL Mr. Pramod Agarwal and other industry leaders attended the program.

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