Coal India General Manager ML Gupta lamented that the “critical generation problems†in the power sector arise frequently because enough coal cannot be transported.
Tag: Coal
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NTPC invites bids for coal
NTPC issued a Rs 3,500-crore global tender seeking supply of four million tonne imported coal for its power projects.
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Mah may shut thermal plants
Coal-based power projects operated by the state-run MahaGenco face closure in view of high emission levels beyond the stipulated 150 mg per cu m.
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Tata Power revises target
Tata Power plans to raise $450 million by issuing corporate hybrid securities, revising its target upwards from $300-400 million, and may be used for securing long-term coal supplies and repaying debt.
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ONGC to rethink CBM strategy
ONGC is considering fresh strategies for coal bed methane (CBM) development, nearly two decades after initiating exploration and spending hundreds of crores in largely unsuccessful attempts to bring the assets into production.
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Huge coal shortfall estimated in 10 years
The government has admitted that the country would face a huge shortfall of 269 mt of coal by 2021-22 as the coal producing entities had failed to keep pace with the demand as well as economic growth.
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CIL hikes coal prices by 15 per cent
Coal India will raise the price of coal on an average by about 15 per cent to bring in some parity between domestic and international prices.
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Objecting 26 per cent profit to locals
The coal ministry has objecÂted to a proposal to make it mandatory for mining firms to contribute a portion of their profits towards local area develÂopment, as it will erode valuaÂtion of firms and dampen invesÂtor sentiment.
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Merchant power cos under pressure
Lower merchant power rates and higher coal prices would ensure sustained pressure on profitability of non-integrated companies.
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Privatisation plan revived
Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.