In the dusty scrub of the Thar desert, Pakistan has begun to dig up one of the world’s largest deposits of low-grade, brown, dirty coal to fuel new power stations that could revolutionize the country’s economy.
Since 2000 or so, China along with, to a lesser extent, India and other developing nations has been on a coal binge, building coal-fired power plants at a breakneck pace.
Construction of new fell sharply last year due to a clampdown on projects in China and less finance available in India, a report by three environmental groups said on Wednesday.
The amount of new coal power being built around the world fell by nearly two-thirds last year, prompting campaigners to claim the polluting fossil fuel was in freefall.
The loss of two coal blocks for the second time following a Delhi High Court judgement last week has put the investments of Jindal Power Limited (JPL) under stress.
Coal India is considering producing petroleum oil at its Chatra coal mine in Jharkhand. Petroleum oil from coal is part of the state-run coal behemoth’s diversification plan and it will soon invite an expression of interest for it
China Shenhua Energy shares soared 16.3% to an 18-month high on Monday after it announced a record dividend payout of 59 billion yuan ($8.55 billion) on surging profits and coal prices.
After posting a consistent rise in four years from 2012-13 to 2015-16, coal royalty collection in Odisha has witnessed a slide in this fiscal, with Coal India’s biggest producing subsidiary Mahanadi Coalfields Ltd (MCL) struggling to meet its targeted coal production.
Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, “We do have a hold recommendation on Coal India.
The coal-based power generation increased by six per cent to 674.4 billion units (BU) during the April-December period of the ongoing fiscal, Parliament was informed today.