New Era Cleantech Aims for December 2026 Closure on ₹20,000 Crore Coal Gasification Project
New Era targets closure for ₹20,000 cr coal gasification project by Dec
Business Standard
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New Era Cleantech, based in Mumbai, is targeting financial closure for its ₹20,000 crore coal gasification project in Bhadrawati, Chandrapur district, Maharashtra, by December 2026. The project aims to enhance clean energy production through coal gasification technology.
- 01New Era Cleantech is pursuing a ₹20,000 crore coal gasification project.
- 02The project is located in Bhadrawati, Chandrapur district, Maharashtra.
- 03Financial closure and EPC orders are expected by December 2026.
- 04This initiative aims to boost clean energy production.
- 05The project represents a significant investment in India's energy sector.
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New Era Cleantech, a Mumbai-based company, is working towards achieving financial closure for its ambitious ₹20,000 crore coal gasification project located in Bhadrawati, Chandrapur district, Maharashtra. The company aims to place engineering, procurement, and construction (EPC) orders for the first phase of the project by December 2026. This project is part of a broader effort to enhance clean energy production in India through innovative coal gasification technology, which converts coal into gas for cleaner energy use. The successful implementation of this project could significantly contribute to India's energy landscape and sustainability goals.
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The project is expected to create jobs and boost local economic activity in Chandrapur district.
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