Benchmark Asian coal spot prices recently surged to a record as buyers across the region scrambled to find alternatives to Russian supply, further tightening the fuel's availability. Meanwhile ...
Cabinet relaxes norms to mine, sell coal; entry for foreign players eased. One must be able to get coal from various sources with ease: Pralhad Joshi. Private mining, finally. Coal stocks at power plants rise as Coal India steps up production. Cabinet likely to discuss proposals under Atma Nirbhar Bharat on Wednesday.
News Business India looks to relax norms to attract global coal miners, ... a move that could end Coal India Ltd's nearmonopoly on the fuel. The auctions, to be aimed at paring back the nation's coal imports, are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp. ...
The government has relaxed norms for blending of imported coal by power generation companies and allowed states and independent power producers to import the fuel as per requirements.
India's coal consumption has doubled since 2007 at an annual growth rate of 6 per cent and the International Energy Agency (IEA) estimates that the largest increase in the fuel's demand globally this year was from India (7 per cent or an addition of 70 million tonnes). This on top of a 14 per cent rebound in 2021, and 1,033 million tonnes consumption in 2022.
Yet there are perpetual shortages. Last October, India teetered on the brink of a power crisis when stocks at more than half of the country's 135 coalfired plants ran critically low, or below 25% ...
Billionaire Gautam Adani's conglomerate is benefiting from India's rush to import coal to ease a supply crunch, winning a huge majority of import orders from state power giant NTPC Ltd. New Delhibased NTPC has placed orders for 20 million tons of imported coal for the fiscal year ending March, of which almost million tons have been awarded to Adani Enterprises Ltd., according to ...
400,000 coal staff, mostly in India China, to lose jobs as world shuns the dirty fuel. A new report from Global Energy Monitor predicts that the transition away from coal in the energy system will result in the loss of 100 mining jobs per day through 2035, mostly in China and India. By 2050, the global coal mining job losses are expected to ...
Advt The trends of coal consumption and production this year indicate that the dirty fuel is here to stay despite the nation's ambitious target of meeting 50 per cent of energy requirements from renewable energy and nonfossil fuel capacity of 500 GW by 2030.
Coal India has relaxed the norms for 'minespecific coal supply' policy. This move would ease availability of the dry fuel to consumers having less than one million tonne of requirement per annum. In the policy, the minimum per annum requirement of the consumer has been downsized to a quarter from 1 million tonne of coal to million tonne.
The state of 40mn people holds the largest coal reserves in India and the local economy relies on the fossil fuel. Odisha is also geographically unsuitable for solar farms due to its stormy ...
India's power generators and coal mines are being stretched to the limit to meet surging demand for power stemming from a fastgrowing economy and rapid electrification. Total electricity consumption increased by billion kilowatthours (kWh) (+12%) in January 2023 compared with January 2022, according to GridIndia's National Load Despatch Centre.
A resurgence in India's hunger for coal could mean peak consumption is years away. The use of the fuel for power generation is seen growing at the fastest pace in over a decade this year.
Tags. The government on Wednesday launched the seventh round of commercial coal auctions in a bid to increase the availability of the dry fuel in the country. A total of 106 coal mines were put on ...
Reducing reliance on coal will be a key first step in achieving these five objectives: Nonfossil energy capacity to reach 500GW by 2030. This ambitious target is more than three times India's current nonfossil fuel capacity, and more than India's total grid size. While the government is still to provide a sector breakdown, the Central ...
New Delhi: The coal ministry will issue a directive to Coal India ( CIL) asking it to relax its norms under the provisions of fuel supply agreements (FSAs) to facilitate coal imports for power projects. The staterun miner will supply imported coal on a costplus basis along with an administrative charge to be decided by its board of directors.
The trends of coal consumption and production this year indicate that the dirty fuel is here to stay despite the nation's ambitious target of meeting 50 per cent of energy requirements from renewable energy and nonfossil fuel capacity of 500 GW by 2030.
The coal behemoth has relaxed its policy for minespecific coal supply, which would ease availability of coal to consumers having less than 1 million tonne requirement per annum. This...
Coal India Ltd has relaxed the norms for "minespecific coal supply" policy, which would ease availability of the dry fuel to consumers having less than one million tonnes of requirement per annum. The move would benefit a large number of the mining major's linked small consumers, the company said.
Competition Commission of India (CCI), which last year slapped a penalty of Rs 1, crore on Coal India for indulging in unfair business practices, today passed two fresh orders on different complaints. The two complaints, filed last year, pertain to anti competitive practices in an eauction scheme and fuel supply pacts, respectively.
India spent over Rs lakh crore on coal imports in the past year, causing a significant outflow of foreign exchange. While the share of coal imports in total consumption has decreased from 26% to 21% in the last five years, the country still imports over 200 million tonnes of coal annually. 19 Oct, 2023, 08:23 PM IST.
Mining major Coal India Ltd is committed to meet the "elevated" demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on miner had hoped the demand would ease by December last year, but that did not happen, he said. "We are committed to catering to the coal needs of the power sector, be it domestic or those dependent on ...
Updated On Dec 18, 2022 at 07:07 PM IST New Delhi: Coal is dirty it makes up for 40 per cent of carbon dioxide emissions from fossil fuels, its mining wreaks havoc on the environment and burning it produces pollutants like mercury which are linked to acid rain and particulate matter that causes respiratory illnesses.
Executive summary. Coal provides about half of India's commercial primary energy supply today and is the dominant fuel for power production in India. In 2014, Prime Minister Narendra Modi ...
India coal export: Asserting that India has adequate coal reserves, Union Coal Minister Pralhad Joshi today (March 29) said the country will start exporting the dry fuel by 202526. From a net ...
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