Viability Gap Funding
The Indian government recently approved Viability Gap Funding (VGF) of Rs 8,500 crore for coal gasification, aiming to gasify 100 million tonnes of coal by 2030. This strategic move, announced on January 24, 2024, is part of India’s effort to achieve energy independence and reduce its coal import bill. The funding will support the production of various products, such as methanol, Di-Methyl Ether, ammonia, and Synthetic Natural Gas, benefiting multiple industries. While offering economic benefits, the initiative also faces environmental challenges due to coal-based emissions.
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