Cabinet approves the scheme for promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector towards incentive for coal gasification projects under three categories

Cabinet approves the scheme for promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector towards incentive for coal gasification projects under three categories

Daily Current Affairs   /   Cabinet approves the scheme for promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector towards incentive for coal gasification projects under three categories

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Category : National Published on: January 27 2024

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  • The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the scheme for promotion of government PSUs and private sector coal/lignite gasification projects with a total outlay of ₹8,500 crore.
  • A total outlay of ₹8,500 crore will be provided as financial assistance for coal gasification projects, with projects under three categories to be supported.
  • The ₹4,050 crore outlay is for government PSUs, wherein they will be provided support to support a lump-sum grant of ₹1,350 crore or 15% of the capex.
  • The ₹3,850 crore outlay is for private sector and government PSUs, with support of ₹1,000 crore for each project or 15% of capex, whichever is lower.
  • The outlay of ₹600 crore is for demonstration projects (indigenous technology) and/or small pump based gasification plants, wherein a lump-sum grant of ₹100 crore or 15% of capex whichever is lower.
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