New Delhi, Feb 4 (PTI) – The Indian government has selected three private entities, including Jindal Steel and Power Limited (JSPL), under Category II of its Financial Incentive Scheme aimed at promoting coal and lignite gasification projects.
The Rs 8,500 crore scheme, launched on January 24, 2024, is designed to provide viability gap funding (VGF) to both public sector undertakings (PSUs) and private players in three categories to encourage gasification initiatives.
Under Category II, which has an allocated outlay of Rs 3,850 crore, the government invited Request for Proposals (RFPs) on May 15, 2024, with technical bids opened on January 10, 2025. The three selected companies to receive financial incentives under this category are:
Category III, dedicated to demonstration or small-scale projects, has a total fund of Rs 600 crore, with a maximum allocation of Rs 100 crore per project or 15% of project costs, whichever is lower.
The names of the selected applicants under Category I and III had been announced earlier.
This initiative is part of the government's broader push to reduce dependency on imported natural gas, enhance cleaner coal utilization, and support sustainable energy solutions.
The Rs 8,500 crore scheme, launched on January 24, 2024, is designed to provide viability gap funding (VGF) to both public sector undertakings (PSUs) and private players in three categories to encourage gasification initiatives.
Under Category II, which has an allocated outlay of Rs 3,850 crore, the government invited Request for Proposals (RFPs) on May 15, 2024, with technical bids opened on January 10, 2025. The three selected companies to receive financial incentives under this category are:
- Jindal Steel and Power Limited (JSPL)
- New Era Cleantech Solution
- Greta Energy Limited
Category III, dedicated to demonstration or small-scale projects, has a total fund of Rs 600 crore, with a maximum allocation of Rs 100 crore per project or 15% of project costs, whichever is lower.
The names of the selected applicants under Category I and III had been announced earlier.
This initiative is part of the government's broader push to reduce dependency on imported natural gas, enhance cleaner coal utilization, and support sustainable energy solutions.
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