Coal Mines Reborn as Solar Giants

Coal India and its subsidiary Western Coalfields (WCL) are embarking on a transformative initiative to repurpose closed mines in the Chhindwara Pench area for sustainable energy projects, according to Union Coal Secretary Amrit Lal Meena. Revealed during a briefing at the Western Coal Fields headquarters, Meena outlined the plan to convert de-coaled land, where coal extraction has concluded, into integrated solar and pump storage projects.

The strategic move aims to optimize WCL assets, with 4-5 dormant mines in the Chhindwara Pench region earmarked for the development of cutting-edge integrated solar and hydropower plants. This forward-looking approach underscores a commitment to contributing significantly to green energy production, aligning with broader environmental sustainability goals.

During their visit to the aging coal mines, Meena, alongside the WCL chairman, managing director, and other officials, inspected the sites where mining activities had ceased. Stressing the importance of the initiative, Meena highlighted ongoing and future surveys of de-coaled assets in the area. The goal is to conduct expert assessments and leverage these reclaimed assets to their fullest potential.

In addition to the emphasis on green energy projects, Meena underscored the Indian government's endorsement of a scheme designed to promote coal gasification through 'Viability Gap Funding.' Complementing this, the government has previously introduced incentives for coal gasification, solidifying its commitment to fostering cleaner energy alternatives.

Under the new scheme, private sector initiatives establishing coal gasification plants can receive financial support of Rs. 1000 crore or 15 percent of the project cost, whichever is lower. This initiative is poised to accelerate the development of coal gasification projects, with the government extending support to private entrepreneurs seeking to set up small gasification plants with a minimum investment of Rs. 100 crores. These entrepreneurs will be eligible for a viability gap funding of 15 percent of the project cost, further incentivizing sustainable and innovative approaches in the energy sector.

News by Rahul Yelligetti