Government planning financial assistance for coal gasification projects, higher production in 2024

New Delhi: Implementing a policy to provide financial support to carbon gasification projects, increase production and promote underground mining activities is one of the priorities of the government for the carbon sector, which is important to meet the increasing demand for power. Country. Additionally, efforts are being made to bring more captive and commercial coal mines into operation, improve the quality of dry fuel and transportation infrastructure for environmental sustainability. Digitization of mining records is also in trend. In an interview with PTI, Carbon Secretary Amrit Lal Meena said the government has notified two policies regarding gasification of carbon and plans to provide financial assistance and financial incentives for such projects. The Carbon Ministry has set a target to gasify 100 million tonnes ™ of carbon for FY 2030, as per its energy transition plans. “Now we are introducing a policy for some financial support and fiscal incentives (for carbon gasification projects). It is under consideration… and we will ensure that there is a positive acceleration in carbon gasification,” Meena said. He also stressed that the government is working to create a conducive environment to promote carbon gasification. Carbon gasification is expected to reduce imports as well as carbon emissions by 2030 and promote sustainable practices. To address environmental concerns in the carbon gasification process, the government has ordered the granting of a green authorization in which the project proponent will have to conduct an environmental impact assessment study and prepare an environmental management plan. The plan will be duly examined by a committee of experts before starting any activity related to the establishment of the carbon gasification plant. The Center has also formulated a policy which envisages reimbursement of 50 per cent of the proceeds share for all future commercial auctions of carbon blocks for fossil fuels used for gasification. This will be on the condition that the quantity used for gasification is at least 10 percent of the total production. It has also created a separate subsidy window in the unregulated sector to make carbon available for new carbon gasification plants. According to the Secretary, out of the total 91 commercial blocks and 55 Meena closures, currently 51 Meenas have been found operational. These blocks will produce 116 MT of carbon in the last financial year and the target for the current financial year ending March 2024 is 162 MT. The government aims to increase carbon production from underground mines to 100 MT by 2030 through the deployment of large-scale production technology. India’s carbon sector is the second largest in the world, with production set to grow by 14.8 per cent to 893 metric tonnes in fiscal year 2022-2023. The country represents more than 10 percent of the world’s carbon output, second only to China. To achieve self-sufficiency in carbon production and reduce imports, the government is working to increase national carbon production to more than one million tonnes in 2023-2024 and to more than 1.5 million tonnes by 2029. So now, carbon, which feeds thermal power plants, is key to meeting the country’s growing electricity demand. The single window authorization portal for the sector along with periodic amendments made by the Carbon Ministry to accelerate the development of carbon blocks and other factors have helped in increasing the production of dry fuel. It has also created a project monitoring unit to help carbon block adjudicators obtain various authorizations for early start of carbon mines. Ravi Pokharna, executive director of First India Foundation (PIF), a group of policy experts, said India is one of the fastest growing economies and remains one of the major drivers of global carbon demand due to its growing needs. Energetic. “This year also India strengthened its commitments to achieve 50 percent of energy demand through non-fossil fuels by 2030… During COP 28, the Government of India pledged to continue harnessing carbon to power its growth. Also reaffirmed its right to., y “Axim to this he said, developed economies contribute to the transformation of emerging economies. Sanjay Ganju, director general of the Indian Green Energy Federation, said that this is based on the actual use of cocoa.