No response from private sector in Round-2 of coal gasification scheme
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The second round of the coal gasification scheme ended on Tuesday with no private sector response.
- ✓State-run NTPC was the only participant.
- ✓Atanu Mukherjee said, "Limited response highlights the need to complement financial incentives with schemes that help create commercially viable and bankable coal gasification projects that attract wider investment."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The lack of private-sector participation underscores financing and risk barriers despite the policy's promise to diversify domestic resource use
The second round of the scheme for promotion of surface coal and lignite gasification, which concluded on Tuesday, turned out to be lacklustre with no response coming from the private sector.
State-run NTPC was the only company that participated in the second round, submitting two applications, Coal Ministry said.
The applications envisage production of urea, methanol and dimethyl ether (DME), highlighting the potential of coal gasification in supporting domestic production of critical industrial products and diversifying the utilisation of India's indigenous resources, the Ministry added.
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