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Coal India and its subsidiary Western Coalfields (WCL) are planning to initiate green energy projects in the Chhindwara Pench area, targeting the effective utilisation of assets. Union Coal Secretary Amrit Lal Meena announced on Sunday that four to five regional closed mines were identified for setting up these projects.
Meena shared that Coal India intends to implement integrated solar and pump storage projects on de-coaled land where coal extraction has been completed. This strategic move aims to optimise WCL assets, and the identified old mines will witness the establishment of integrated solar and hydropower plants to contribute to green energy production.
During a visit to the old coal mines with WCL's chairman, managing director, and other officials, Meena stated that after assessing more de-coaled assets in the region, WCL will endeavour to utilise these resources effectively.
Highlighting a government-approved scheme, Meena mentioned the promotion of coal gasification through 'Viability Gap Funding.' The government has notified incentives for coal gasification, and private sector initiatives seeking to establish coal gasification plants will receive financial support of ₹1000 crore or 15% of the project cost, whichever is lower. Additionally, private entrepreneurs investing a minimum of ₹100 crores in small gasification plants will be eligible for viability gap funding equivalent to 15% of the project cost.
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