US and India join hands for emission free power generation
The US and India both rely on coal for its power generation needs; the US has now initiated a 10 year joint venture to produce and share technology for emission free power between both countries. FutureGen is a $1Billion a year plan to build a zero-emission, coal-fired electric and hydrogen production plant. It aims to integrate advanced technologies in coal gasification, extracting hydrogen from coal, power generation, carbon dioxide containment, and geologic storage. Around 55% of India’s total power consumption is based on coal. Last year, 500 million tons of coal was used for power generation in India.
Indian Companies like ONGC, NTPC Ltd and Coal India are participating in this project. The US is keen on sharing its clean environment technology with India, this will be beneficial to both as India struggles to meet all its power requirements from a demanding populous while maintaining a green stance for future generations.