en.Wedoany.com Reported - Union Minister for Coal and Mines G Kishan Reddy announced that the central government is advancing a coal-to-gas strategy to ensure energy security, introducing incentives totaling ₹460 billion. Reddy stated that over 35 companies will launch coal-to-gas operations in India within the next two months, and the government encourages the introduction of relevant technologies to bridge domestic technological gaps. This policy aims to reduce import dependence and develop indigenous capabilities.
India holds the world's fifth-largest coal reserves, with approximately 73% of its thermal power projects relying on coal for electricity generation. Reddy believes that maximizing the value of coal reserves can enhance industrial competitiveness and provide raw materials for the chemical and fertilizer industries. This policy shift is seen as a strategic move to address global market volatility and energy security concerns.
The Prime Minister has laid the foundation stone for the Lakhanpur coal-to-gas project in Jharsuguda, Odisha, with an investment of ₹250.16 billion. Reddy stated that this is a significant step toward import substitution and industrial self-reliance. The project converts domestic resources into high-value products, aiming to contribute to the vision of Aatmanirbhar and Viksit Bharat (Self-Reliant and Developed India). Officials expect the plan to drive investments in related infrastructure and downstream industries.
Reddy also introduced the National Critical Mineral Mission as a complementary measure to secure critical resources both domestically and internationally, citing the example of rare earth exploration by Neyveli Lignite Corporation in Tamil Nadu. The agency has signed a memorandum of understanding with the Bhabha Atomic Research Centre (BARC) to support such efforts, with these collaborations aimed at ensuring inclusive growth. The broader promotion of coal-to-gas is described as a policy that strengthens energy security while supporting industrial expansion.
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