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India Budget 2022-23: Four Coal Conversion Projects Announced

The Union Minister for Finance Nirmala Sitharaman in her budget speech 2022-23 announced setting up of four pilot projects for coal gasification.

 

These four projects for conversion of coal to clean energy with private sector capital investment of Rs 30,130 crore will help in achieving the target of 100 mn tonne coal gasification by 2030.

 

These projects will boost domestic production of methanol, dimethyl ether and ammonia, thereby reducing India's import dependency.

 

This 100 mn tonne coal gasification will come up in three phases. In the Phase-I from 2020-2024 – four mn tonne of coal will be gasified and around Rs 20,000 crore will be invested for the same.

 

In the Phase-II – from 2020-2026 – six mn tonne of coal will be gasified which will involve an investment of Rs 30,000 crore.

 

In the Phase-III – from 2022-2030 – 90 mn tonne of coal will be gasified and Rs 3.6 lakh crore will be invested for the same.

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