NEW DELHI: Indian coal power giant NTPC is looking to enter the coal gasification business with a plan to start producing 5-10 million tonnes per annum of synthetic gas over the next three-four years, a source familiar with the move said on Wednesday.
The tender for technical consultation for the project is expected within this fiscal year ending March 31 and the company is looking at sites for the project, the source said.
NTPC, which also uses coal from its own mines, is looking to use coal for producing synthetic gas, the source said.
India in 2024 approved plans to provide incentives worth 85 billion rupees ($967.06 million) for projects to convert coal into gas, that could be used for fertilisers and petrochemical projects.
India aims to gasify 100 million tonnes of coal by 2030.
Globally, several countries are looking to explore coal gasification technology, including the United States, as a part of reducing emissions.
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NTPC has also started scouting land for nuclear projects in 16 indian states as a part of its plan to build 30 gigawatts of nuclear portfolio, the source said.
India is seeking to expand its nuclear power generation capacity to at least 100 gigawatts by 2047, up from just over 8 gigawatts currently.
NTPC’s projects would range from 700 megawatt to 1600 MW and will be using multiple technologies as a part of the process, the source said.
NTPC did not immediately respond to Reuters request seeking comment.
The cost of 1 gw of nuclear project is estimated at around 150 billion rupees to 200 billion rupees.
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