The “Strategy paper on Coal Import Substitution” has been prepared as a report of the IMC (Inter-Ministerial Committee). The paper focusses on the present energy mix of the country, domestic coal production,
New Delhi The Planning Commission on Tuesday said that the country's coal demand is likely to touch 1,000 million tonnes (MT) by 2016-17, much higher than estimated supply of 750 million. "The demand of coal is estimated at 1,000 MT and we are assuming that domestic availability would be 750 MT," Planning Commission Adviser (Energy) I A Khan said while addressing Indian Coal Markets Conference.
INDIA-: ONGC, IOC, Oil India bid for Conoco Canada oil assets A trio of state-controlled oil companies on Monday said it has bid $5 billion for stakes in Canadian oil sands assets owned by ConocoPhillips , in what could be the next major test of Canada's appetite for foreign investment in its energy resources. A completed deal by a group that includes producers Oil and Natural Gas Corp and Oil India Ltd , along with refiner and retailer Indian Oil Corp , would be the first in Canada for Indian energy companies after years of strong public expressions of interest in the Alberta oil sands.
Kolkata The Coal India (CIL) board has given the management the green signal to step up acquisition of foreign coal mines. Acquiring mines abroad is necessary since coal production at home will fall far of short of demand. The gap between the power sector’s requirement and domestic coal supplies has been estimated at 292 million tonne in the 12th Plan period ending FY17. The Planning Commission has set a target of 76,000 mw of power capacity to be added in the 12th Plan over the current installed capacity of 1,82,689 mw. The Planning Commission points out that coal supply domestically from CIL and Singerani Collierieswill be only 450 mt, by the end of the 12th Plan period, against a total requirement of 842 mt.CIL has set itself a production target of 556 mt by 2016-17; so, supply to the power sector could be a maximum of 415 mt.
Coal India Ltd (CIL)’s decision to go ahead with modified fuel supply agreements (FSA) without price pooling was triggered by concern raised by various power producers, a top company official said. The
IIM-Ahmedabad study favours continuation of fertilizer subsidy with better targeting and rationing Even as the union government has estimated country's subsidy burden touching 2.4 per cent of the GDP this financial year, a recent study by management experts believe that removal of fertilizer subsidy would make farming unprofitable in many states and therefore its removal would not be in the interest of farming community.
New power producers are unlikely to agree to the cost-plus model as their costs will be higher Coal India Ltd’s (CIL) board approving the modified Fuel Supply Agreements (FSAs) does not mean power plants will start getting assured supplies of coal to generate power, as new producers might not agree to the pricing under the FSA. The board approved payment of penalties in the range of 1.5 per cent to 40 per cent in case of a shortfall below 80 per cent. Thus, only if the company is not able to meet its commitment of supplies will it pay higher penalties.
The independent directors of Coal India Ltd (CIL) have warned that the public sector giant could end up with Rs 60,000 crore losses over the next 20 years if it goes through with a proposal to import 20
The department of consumer affairs recently mandated compulsory labelling of packaged genetically modified food. Though segregation and testing to ensure compliance is a great challenge under Indian conditions,
Mumbai India needs to stem an influx of cheaper imports from China and ease taxes on locally made solar cells to boost domestic manufacturing, Tata Power Solar Systems’ newly appointed CEO Ajay Goel told FE in a telephonic interview on Wednesday. The government aims to turn India into a major solar power hub, targeting a 20-fold rise in sun-power generation to 20 Giga Watts (GW) by 2022. The country’s growing power needs and a shortage of coal and gas used in conventional thermal plants has highlighted the need to develop energy from alternative sources, such as sun and wind.
The financial costs associated with coal-fired electricity generation are set to rise given the need to increase coal import, according to a study report of Equatorials. The study on coal fuel supply
