Govt to Launch 14th Coal Mine Auction With UCG Focus

The government is set to introduce, for the first time, specific provisions for underground coal gasification within the auction framework during the forthcoming 14th round of mine sales, aiming to gasify 100 million tons of coal by 2030 to lessen reliance on fossil fuels.

Underground Coal Gasification (UCG) will utilize the resources of the country's deep-seated coal reserves, which are otherwise unmineable through traditional methods.

The 14th round of commercial coal mine auctions is scheduled to commence on Wednesday.

This groundbreaking initiative is anticipated to decrease dependence on imported natural gas and crude oil while opening new opportunities for investment, technological progress, and job creation across related sectors.

Also Read: Allinial Global CEO Eyes India to Bridge Global Talent Gap

Coal and Mines Minister G Kishan Reddy will serve as the chief guest at the launch event. During the auction, a new selection of fully explored and partially explored coal blocks will be available, encouraging participation from seasoned miners, newcomers, and technology-oriented companies alike.

The commercial coal mine auction initiated in 2020 has significantly contributed to increasing domestic fossil fuel production and ensuring a dependable supply to satisfy the nation's escalating energy demands.

The upcoming auction seeks to enhance the ease of doing business, attract a variety of investments, and promote broader industry involvement.