India's Decarbonization Gets a Push as Govt Awards Incentives to New Era Cleantech & Coal India JVs for Coal Gasification
Dec 12, 2024
New Delhi [India], December 12: New Era Cleantech Solutions Private Limited is thrilled to receive a letter of award for a Financial Incentive from the Ministry of Coal, Government of India, under Category III of the Financial Incentive Scheme for its groundbreaking Coal Gasification and Carbon Capture Utilization (CCU) project. This transformative initiative will be India's first and largest commercial-scale gasification and CCU project, targeting net-zero emissions by capturing 100% of CO2 emissions generated during the gasification process. The Ministry of Coal launched the Rs8,500 crore Financial Incentive Scheme, approved by the Cabinet, to promote Coal/Lignite Gasification Projects. This is a crucial step towards India's target of gasifying 100 million tonnes of coal by 2030.
