The government will put under the hammer coal blocks for private coal-to-gas, liquid and polychemical projects this financial year, a top official said today.
“My priority is very clear… coal-to-gas, coal-to- liquid, coal-to-polychemical (CTL). That is something which I want should move… I think very soon, in about two months, we should be coming out with some blocks to be offered to the private sector for these projects,” Coal Secretary Susheel Kumar told in an interview.
The development takes on significance as domestic coal gas can help lower the country’s import bill by USD 10 billion in five years and cut carbon emission.
“So, Coal India will attempt all this from whatever coal mines they have. Second, fresh coal blocks would be auctioned to the private sector through competitive bidding for exploring coal to gas, liquid and polychemicals. We will auction the coal mine for these projects,” the secretary said. Read more