Coal India will offer 60-70 million tonnes (MT) of coal in spot and forward auction markets this year. Despite being a little lower than last year’s offerings, premiums on auctions are expected to remain soft as the company has decided to increase contracted supplies and international coal prices have started to soften.
The government has readied a scheme to auction power purchase agreements (PPAs) with attached coal supplies from Coal India . The auction of short-term PPAs with coal supplies is expected to help some of the about 10GW power plants idling due to lack of fuel and power contracts.
In order to further reduce use of imported coal by power producers, state-run miner Coal India Ltd (CIL) on Monday urged power utilities, which are importing the fuel for blending, to avail higher grade of coal from its subsidiaries as a mean of import substitution.
Increased fuel supplies to power plants by Coal India may halve imports to 11 million tonnes this year, the power ministry has estimated. Power utilities that blend high energy coal from overseas market with low grade domestic variety
With the objective to reduce coal transportation by road, the Northern Coalfields Limited has commissioned a new wharfwall at MGR route line of company’s Nigahi coal producing area on Wednesday.
The process to obtain final approvals for ndian energy gaint Adani’s Carmichael coal mine in Australia will be settled within three weeks, the leader of the country’s Queensland state said on Friday as she sought to expedite the controversy-hit project. I
How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unambiguously back a new coal mine.GOOD MORNING INDIA!
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Australia’s Queensland state said on Friday that the process to obtain final approvals for Adani Enterprise’s controversial Carmichael coal mine must be wrapped up by mid-June.
How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unambiguously back a new coal mine.
Coal India has embarked upon a Rs 10,000 crore shopping spree for latest highcapacity mining equipment as it aims to meet a target of producing 660 million tonnes of black diamond in 2019-20, a move that will require raising annual output by 8-9% in the current fiscal.