The government has accelerated exploration and drilling of coal in the northeastern states of the country, according to a coal ministry official.
Union Minister Piyush Goyal on Friday instructed officials from the coal, power and railway ministries to “keep a close vigil on the power production and supply situation” in the country.
Power and renewable energy minister R K Singh and coal and railway minister Piyush Goyal today chaired a meeting for review of coal stock position at thermal power stations. Officials from the power, coal and railway ministries analyzed the targets for coal production and dispatches by coal companies during the meeting.
Short-term power prices on the exchange rose to Rs 4.02 per unit in March 2018 from Rs 3.23 per unit in February due to increase in seasonal demand, inadequate availability of coal with the thermal generators and decline in nuclear and hydro power generation, according to India Ratings and Research, a Fitch Group-owned credit rating agency.
Five out of a total of 42 cases of coal block allocation scam have so far been decided by a special court here, with the conviction of Gondwana Ispat Ltd and its director today.
After postponing the introduction of the new Gross Calorific Value (GCV)-based billing mechanism for consumers, earlier scheduled for this month, Coal India is expected have the new system in place by July.
The coal supply situation in the country has improved moderately in the past seven months, with the average indigenous coal stock (AICS) at power plants increasing from 7.38 million tonnes (mt) in October last year to around 16.7 mt in April 2018.
Godda, in the Indian state of Jharkhand, is surrounded by the country’s most productive coalmines.
State-owned Coal India (CIL) said it is working out the modalities to raise coal sales bills on GCV(Kcal/kg) or gross calorific value basis and it will soon intimate implementation date.
State-run Coal India (CIL) will not let coal stocks pile up at its mines next year onwards as a strategy to compete with private players once the sector is opened up for commercial mining.