CIL to boosts capacity with 35 operational FMC projects
ECONOMY & POLICY

CIL to boosts capacity with 35 operational FMC projects

Coal India Limited (CIL) has significantly scaled up its First Mile Connectivity (FMC) projects with an additional 72 FMC initiatives aimed at augmenting coal transport capacity by 837.5 million tonne per year (MTY). This expansion, which totals an investment of Rs 277 billion, is self-financed by CIL, as stated in a response by Union minister of coal and mines G. Kishan Reddy, in the Rajya Sabha.

The company, which had previously established 20 FMC projects with a capacity of 151 MTY before August 2019, has now commissioned 15 out of the newly identified 72 projects, adding another 200.5 MTY to its capacity. To date, 35 FMC projects are now functional under CIL's expansion plan.

In his written reply, Reddy detailed the financial strategy for the massive expansion, emphasizing that all costs will be covered through CIL?s internal resources without external funding.

Additionally, the ministry of coal is managing three central sector schemes in the current financial year, with substantial budgets allocated for enhancing coal and lignite exploration, research and development, and safety and infrastructure in coal mines. The schemes are allocated Rs.730 crore, Rs.21 crore, and Rs.92.5 crore respectively.

Moreover, the government has launched a new Rs 85 billion scheme to support Coal and Lignite Gasification projects through viability gap funding. This initiative is divided into three categories: Category I with Rs.4,050 crore for government PSUs, Category II with Rs 38 billion available for both private sector and government PSUs, and Category III with Rs 6 billion allocated for demonstration or small-scale projects.       

Coal India Limited (CIL) has significantly scaled up its First Mile Connectivity (FMC) projects with an additional 72 FMC initiatives aimed at augmenting coal transport capacity by 837.5 million tonne per year (MTY). This expansion, which totals an investment of Rs 277 billion, is self-financed by CIL, as stated in a response by Union minister of coal and mines G. Kishan Reddy, in the Rajya Sabha.The company, which had previously established 20 FMC projects with a capacity of 151 MTY before August 2019, has now commissioned 15 out of the newly identified 72 projects, adding another 200.5 MTY to its capacity. To date, 35 FMC projects are now functional under CIL's expansion plan.In his written reply, Reddy detailed the financial strategy for the massive expansion, emphasizing that all costs will be covered through CIL?s internal resources without external funding.Additionally, the ministry of coal is managing three central sector schemes in the current financial year, with substantial budgets allocated for enhancing coal and lignite exploration, research and development, and safety and infrastructure in coal mines. The schemes are allocated Rs.730 crore, Rs.21 crore, and Rs.92.5 crore respectively.Moreover, the government has launched a new Rs 85 billion scheme to support Coal and Lignite Gasification projects through viability gap funding. This initiative is divided into three categories: Category I with Rs.4,050 crore for government PSUs, Category II with Rs 38 billion available for both private sector and government PSUs, and Category III with Rs 6 billion allocated for demonstration or small-scale projects.       

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?