The cancellation of 13.7GW of Indian coal power projects in May 2017, coupled with a record low solar tariff of Rs 2.44 /Unit (0.038USD/kWh), are the strongest indications yet that an energy transformation in India is gaining rapid momentum and global capital markets endorsement.
Category: Coal & Mining
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USG Boral Announces New Manufacturing Plant in India
USG Boral, a global leader in building products technology, announced plans to build a new plasterboard plant in South India. The new plant will be operated by its India business unit, USG Boral Building Products India Pte Ltd.
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Modified Coal Linkage Policy could be a game-changer | Angel Broking
The Cabinet Committee on Economic Affairs (CCEA) on May 17th 2017 approved the Modified Coal Linkage Policy for the power sector. Under this policy, all power plants will be assured of adequate supply of coal at competitive prices
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CIL mines re-graded to fix slippages| Coal Secretary Susheel Kumar
All mines of Coal India Ltd have been re-graded following complaints from consumers, including power sector players, about the slippages in fuel grade, according to a top official.
“It is a deliberate policy to re-grade all the mines because I was g
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PakistanÂ’s first coal & cement terminal begins operations
Pakistan International Bulk Terminal (PIBT), the neighbouring countryÂ’s first coal and cement handling facility has started commercial operations at Port Qasim in Karachi. this week with the handling of a cargo vessel that brought 41,000 tons of coal, according to a statement issued on Wednesday.
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Do or Divest!
With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).
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Coal bed methane production up 44percent in last fiscal
The countryÂ’s production of Coal Bed Methane (CBM) has grown more than 44 per cent last financial year, to around 565 million standard cubic metres (MMSCM) as compared to 393 MMSCM in 2015-2016. This will help curb IndiaÂ’s dependence on imports for energy supply.
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SECL to set up Kusmunda Coal Washery
The company had recorded provisional production of 12 MT against a target of 11.70 MT as of February 2016, according to a BSE filing by parent company Coal India Ltd. Coal India Ltd is looking at a production target of 1 billion tonnes of coal by 2020.
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SCCL to supply 1 million tonnes of coal to NTECL
The Singareni Collieries Company Limited (SCCL) will supply one million tonnes of coal a year to the NTPC Tamil Nadu Energy Company Limited (NTECL), a joint venture thermal power project of NTPC and TANGEDCO at Vallur (Tamil Nadu).
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Govt receives Rs 2,638 crore from CIL share buyback
The government has garnered about Rs 2,638 crore from buyback of shares of state-run Coal India Ltd, Parliament has been informed. CIL has bought back “7,88,42,816 shares from Government of India out of the total offer of 10,89,55,223 equity shares @ Rs 335 per equity shares.