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India to auction coal blocks for gasification projects soon
Yahoo Financeยท 2025-09-29 09:38
Group 1: Coal Gasification Initiative - India plans to auction coal blocks suitable for coal gasification to gasify 100 million tonnes of coal over the next five years [1] - Coal gasification transforms coal into synthetic gas (syngas), primarily composed of carbon monoxide and hydrogen, providing a cleaner application compared to conventional combustion [2] - The auction will be part of the commercial coal mining auction, with a request for proposal to allocate the remaining Rs25 billion under the financial incentive scheme for coal gasification [3] Group 2: Financial Incentive Scheme - The government approved an Rs85 billion financial incentive scheme to promote coal and lignite gasification projects, aiming to convert coal into valuable products and reduce reliance on imports [4] - Approximately Rs60 billion has already been allocated under this scheme, indicating significant government support for the initiative [3][4] Group 3: NTPC's Uranium Acquisition Plans - National Thermal Power Corporation (NTPC) plans to appoint a consultant to identify overseas uranium mines, following an agreement with Uranium Corporation of India (UCIL) [5] - NTPC is in the process of signing a joint venture agreement with UCIL for joint techno-commercial due diligence of overseas uranium assets [6] - NTPC, as the largest power generator in India, has an installed capacity of 83,863 MW, utilizing various fuel sources including coal, gas, hydro, and solar [7]