India’s coal import declined by 3.7 per cent to 18.93 million tonnes (MT) in July this year from 19.67 MT in the same month a year ago.
Workmen unions that served one-day strike notice on September 24, declined to attend a meeting with the coal minister, Prahlad Joshi to discuss their demands of withdrawing 100% foreign direct investment in coal.
Even in an era of heightened sensitivity towards climate change, our delicate energy equation necessitates the continuance of coal mining. The recent call by the chief of mining conglomerate Vedanta that only large firms with proven track records of developing big mines be allowed to commercially mine coal
In a bid to liberalise the coal sector, the government is planning to invite global players for the roll out of auction plan for commercial mining by December this year, Union Minister Pralhad Joshi said on Thursday.
The Centre on Wednesday said it has roped in Chinese firm Wuhuan Engineering for coal gasification of Talcher unit of Fertilizer Corporation of India Ltd (FCIL) in Odisha, being revived with an estimated investment of Rs 13,277 crore.
India plans to invite bids from global firms for the first time for coal mining blocks before end-2019, sources familiar with the matter said, a move that would end Coal India Ltd’s near-monopoly for the fuel as the nation tries to cut imports.
The SJVN Thermal Private Limited (STPL) on Monday said the 1,320MW Buxar Thermal Power Plant at Chausa would be ready by 2023. The STPL officials said all the major works related to the construction of the plant were already awarded.
Coal India needs to step up production to meet India’s coal import requirements of 235 million tonnes. The state-run miner must do this, overcoming its own constraints and increasingly erratic and taxing climatic conditions. In an interview, Anil Kumar Jha addresses some pressing and some recurrent issues.
Coal India has abandoned its move to cut supplies to inefficient power plants following resistance from customers. It had planned to cut the yearly quota by 80 million tonnes.
Union Coal Secretary Sumanta Choudhuri has said the Centre has to think seriously before deciding on the demand to raise the rate of coal royalty. Coal bearing states like Odisha are demanding that the Centre increase the royalty on the fuel.