<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
New Delhi Close to 65,000 MW of power generation capacity is held up in the country due to shortage in fuel supply by state-run Coal India, says a report. According to the latest CEA report, as many as 47 power stations suffered scarcity of fuel with stocks that could not last more than a week. These plants are categorised as stations with "critical" coal stock position of less than 7 seven days by the Central Electricity Authority (CEA), apex power planning body.
About 60 coal-based power plants were planned in Chhattisgarh after 2005 as opportunistic business plugged into easy money and bad governance. M Rajshekhar reports that barely 15 plants will come up. And
Mumbai Growing energy demand helped Indian companies rise up in a global top 250 energy company rankings list compiled by Platts, but the performance may prove hard to sustain. The global energy information firm’s 2012 rankings reflect performance in four key areas — asset worth, revenues, profits and return on invested capital (ROIC) — in the financial year 2011. Half of the country’s 12 representatives on the top 250 list also figure among 50 fastest growing energy companies in the world, with Cairn India topping the list, said Platts.
The Central Electricity Regulatory Commission (CERC) has admitted Adani Power’s petition to adjudicate its dispute with utilities from Gujarat and Haryana over their power purchase agreement (PPA). In its petition, Adani Power, a subsidiary of Adani Enterprises, raises several issues relating to the effect of Indonesian Regulations on its obligations to supply power at the rate discovered through the competitive bidding process and deviations in the fuel supply agreement (FSA) signed with Coal India.
The Board for Industrial & Financial Reconstruction (BIFR) will take up hearing on the closed fertiliser plant of Fertiliser Corporation of India (FCI) on October 30. BIFR has directed FCI to submit all audited accounts- balance sheets and profit & loss accounts along with auditor reports from the date of sickness to the present period. The board has also asked FCI’s chief executive and one of its directors fully acquainted with the closed unit’s case to be present at the time of hearing.
Dip could flatten firm?s cushion against stagnation in productivity In a distress signal for the world’s largest coal miner, Coal India Ltd’s (CIL’s) spot sales dipped for the first time in the five years since the e-auction, or spot sales, scheme was launched in 2007. Revenue from e-auction is expected to fall 14 per cent to Rs 5,286 crore during the first half of the current financial year, compared with the Rs 6,134 crore during the same period of 2011-12. The dip could flatten CIL’s cushion against stagnation in productivity.
E-auction sales would be gradually stabilised at 49 mt over the next four-five years: S Narsing Rao State-owned Coal India Ltd (CIL) plans to restrict spot sales to 49 million tonnes (mt), about seven per cent of its production, over the next four to five years. “E-auction sales would be gradually stabilised at 49 mt over the next four-five years,” said Chairman S Narsing Rao. Earlier this year, the government had asked the company to bring down spot sales and sell more to power companies under fuel supply agreements (FSA). This would, however, impact its financial health unless production goes up or the government allows a rise in notified prices.
Says Coal India is ready to sign at 80% trigger level, with 15% imported coal on cost-plus model The Coal Ministry today said it expects power utilities to sign fuel supply agreements (FSAs) with state-run Coal India (CIL) by November-end. "It is expected that power utilities will sign FSAs by the end of November, 2012. CIL is ready to sign FSAs with 80 per cent trigger level. This would comprise 15 per cent imported coal on cost plus model for this year," Coal Minister Sriprakash Jaiswal told reporters here.
Coal Minister Sriprakash Jaiswal today said states need a stronger mindset to put an end to illegal mining as the tackling of law and order was primarily in their hands. Jaiswal announced that the government
Mumbai The Children’s Investment Fund Management (TCI) confirmed on Thursday that it had sought R1,500 crore in compensation from the board of Coal India (CIL) for allegedly under-pricing coal that resulted
