Coal India to Set Up Green Projects in Closed Mines in Chhindwara Pench Area

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Nagpur, January 28: Coal India Limited (CIL) and its subsidiary Western Coalfields Limited (WCL) have identified four to five closed mines in the Chhindwara Pench area of Maharashtra for setting up green projects. This initiative aims to make optimum use of the company's assets and contribute to green energy production.

Utilizing De-Coaled Land

Union Coal Secretary Amrit Lal Meena announced that CIL will install integrated solar and pump storage projects in de-coaled land, where coal extraction has been completed. This move is part of WCL's asset utilization strategy, and the identified old mines in the Chhindwara Pench area will house integrated solar and hydropower plants to generate green energy.

Surveying De-Coaled Assets

Meena, along with WCL's chairman and managing director and other officials, visited and inspected the old coal mines where mining operations have ceased. WCL plans to survey more such de-coaled assets in the region. After thorough assessment by experts, the company will strive to make the best use of these de-coaled assets.

Promoting Coal Gasification

In a separate development, Meena informed that the Indian government has approved a scheme to promote coal gasification through Viability Gap Funding (VGF). This scheme aims to encourage private sector participation in coal gasification projects.

Financial Support for Private Sector

The government will provide financial support of up to Rs 1000 crore or 15% of the project cost, whichever is lower, for private sector initiatives that set up coal gasification plants. Additionally, private entrepreneurs who establish small gasification plants with a minimum investment of Rs 100 crores will be eligible for VGF of 15% of the project cost.

Coal India's focus on green projects and the government's support for coal gasification initiatives demonstrate a commitment to sustainable energy development in India. By utilizing de-coaled assets and promoting private sector participation, the country can harness its coal resources responsibly while transitioning towards a greener energy future.