<p>Order of the National Green Tribunal (Eastern Zone Bench, Kolkata) in the matter of Ajay Rajak Vs Ministry of Coal & Others dated 04/07/2023.</p> <p>The matter is related to illegal coal mines
Mumbai The July-September financial reportcards of India's major power producers, such as Tata Power and Adani Power, reflect that issues such as fuel availability, tariff renegotiations and pass through of rising costs still loom over industry. Stagnating production at Coal India and lower gas output at the country's flagship KG-D6 block have led to shortages of fuel used in conventional power plants, forcing power producers to increase imports and driving up costs.
Coal India is working on a new model for price pooling that will allow power generators to buy a mix of imported and domestic coal at one price. Officials at the State-run miner said the price derived
Mumbai Tata Power on Thursday said it has acquired a 26% stake in Indonesian coal miner PT Baramulti Suksessarana Tbk (BSSR), aiming to bolster supplies amid a severe domestic fuel shortage. The company did not disclose the terms of the deal. At Thursday’s closing price, Tata Power’s stake in Baramulti, which started trading on Wednesday in Jakarta, is valued at 1.32 trillion rupiah ($137 million). BSSR, along with its unit PT Antang Gunung Meratus (AGM), owns about 1 billion tonnes of coal resources in Indonesia. The company had earlier signed a long-term coal supply deal with AGM. Tata Power also won the option to buy 26% in Kalimantan-based miner BSSR through its unit Khopoli Investments while signing the coal deal in July.
With the November 30 deadline set by the Prime Minister’s Office (PMO) to wrap up fuel supply agreements (FSAs) drawing near, the Power Ministry has directed NTPC to sign the FSA with Coal India Limited (CIL) for supply of coal for its power plants. The Power Minister, in a recent note to NTPC, asked it to sign the FSA with CIL at the earliest and not later than the November 30 deadline. The PMO had, last month, asked power companies, including NTPC, to sign fuel supply pacts by the month-end even if they don’t have binding pacts for sale of electricity.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements The private power producers' lobby has taken state-run Coal India Ltd (CIL) to the Competition Commission of India (CCI) over the long-standing issue of fuel supply pacts. The lobby has blamed CIL of discrimination in favour of public sector companies in the reworked format of the fuel supply agreements (FSAs).
Talks on with APIIC to identify suitable site for the project India’s major power producer National Thermal Power Corporation (NTPC) has decided to launch a fresh initiative to speed up work for establishing 4,000 MW coal-fired Greenfield power project near Visakhapatnam. Having completed the full design capacity of 2,000 MW with Unit 4 (500 MW) going commercial on September 30, NTPC Simhadri Super Thermal Power Plant at Parawada has no space for further expansion. Hinduja National Power Company Ltd is in advanced stage of commissioning a 1,040 MW power plant at Palavalasa, close to Simhadri.
Kolkata The inter-ministerial group on coal blocks will meet on November 5 and 6 to finalise the norms for allocation of 13 de-allocated coal blocks to private sector undertakings (PSUs), said coal minister Sriprakash Jaiswal at the 38th Coal India (CIL) foundation day. On further deallocation of coal blocks from the private sector, Jaiswal said the IMG has recommended deallocating of 13 more blocks and it has gone for the law ministry’s comments, which could come any time this week.
Committee agrees to allow 26% share in profit The ruling United Progressive Alliance (UPA) government and the Bharatiya Janata Party (BJP) might be heading for a stormy winter session of Parliament but it seems the two parties have come together to get the Mines and Minerals (Development and Regulation) Bill, 2011 passed in this session. During the meetings of the members of the standing committee on mines and steel, the committee has finally agreed to allow 26% share in the profit, in the case of coal, for the development of the local area and competitive bidding of minerals. The profit share is expected to be deposited in the district level mineral foundation so that the money could be used for infrastructural development of the area.
Expansion of existing blocks was held up for environmental clearance, new blocks were either unexplored or partially explored For all the problems that plague thermal power plants across India -- coal
New Delhi With impasse over the price pooling mechanism of imported coal remaining unresolved, the Prime Minister's Office (PMO) has asked both Coal India and Central Electricity Authority to work on the issue. "The PMO has recently asked both CIL and CEA to sit and work on Price Pooling," a top official in the Coal Ministry said. To offset the impact of high import costs, the Planning Commission has said that CIL should adopt a pooling formula on prices by combining rates of imported and domestic coal.
