The Union Cabinet on Wednesday approved Rs 8,500 crore financial incentive scheme for coal gasification projects.
In the first category, Rs 4,050 crore has been provisioned for public sector utilities (PSUs) in which up to three projects will be supported by providing a lump sum grant of Rs 1,350 crore or 15 per cent of capex, whichever is lower.
In the second category, Rs 3,850 crore has been earmarked for both government and private sector projects in which the lump sum grant of Rs 1,000 crore or 15 per cent of capex, whichever is lower, is provided for each project.
