NTPC is only applicant in coal gasification scheme's second round

NTPC Ltd has emerged as the sole applicant in the second round of the Rs 37,500 crore coal and lignite gasification incentive scheme. The coal ministry confirmed that NTPC plans to produce urea and methanol dimethyl ether (DME) through this initiative. In the first round, seven applications were received from five companies, including NTPC and Adani Enterprises. The Union Cabinet approved the scheme in May to boost the development of coal gasification projects in India. The goal is to encourage industry participation and achieve a target of 100 million tonnes of gasification capacity by 2030. However, experts suggest that financial incentives alone may not suffice to attract private sector involvement. To enhance project viability, experts recommend combining financial incentives with credit guarantees and proven technologies.