Adani Enterprises - MOU Carbon Energy

Adani Enterprises has signed a Memorandum of Understanding (MoU) with Australia’s Carbon Energy to set up a joint venture (JV) to explore opportunities in the Underground Coal Gasification (UCG) assets in India. Both the companies will jointly bid for state-run Coal India’s UCG tender in which it has sought UCG technology partners for development of UCG across its coal mining assets in India. UCG is a process of converting un-worked coal into a combustible gas which can be used as a fuel for heating, power generation, manufacture of hydrogen, syngas or even diesel fuel.