Coal India and its subsidiary to set up green projects in Chhindwara area

New Delhi: As many as four to five old mines have been identified for integrated solar and pump storage projects on the de-coaled land. This initiative is highly recommended for mines' strategic optimum utilization in the field of green energy.

Also, the Indian government has approved the scheme promoting coal gasification through Viability gap funding offering financial support to private initiatives for setting up coal gasification plants.

Read Also : Air Chief Marshal VR Chaudhari, CAS presented Presidential Awards to 51 IAF personnel

As per the official statement, the government will provide financial support of Rs 1000 crore or 15% of the project cost for private sector initiatives that want to set up their coal gasification plant. Whereas, the private entrepreneurs who are supposed to set up small gasification plants with a minimum investment of Rs 100 crores will be allowed under viability gap funding of 15 per cent of the project costs.

Read Also : BEL participates in India-Mozambique Defence industry interaction event

Coal India will install integrated solar and pump storage projects in the de-coaled land from where coal has been fully extracted. It will be helpful in the utilization of old assets which are now recognized as residue. The PSU official authorities and the Coal Secretary have visited and investigated the spot carefully for further procedures.

Read Also : CERC delegation visits Pakri Barwadih Mines