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.
Coal India has planned several meetings with its customers to address their concerns over the new pricing policy which is coming into force from the first week of April, its chairman Gopal Singh said.
Given the changing global energy mix, Coal India Ltd, the world’s largest coal miner, plans to set up 20,000 megawatts (MW) of solar projects over the next 10 years, a top executive said.
Coal India on Monday said that demand notices amounting to Rs 8,297.77 crore were received for 17 projects of its subsidiary firm, Mahanadi Coalfields Ltd (MCL), for production beyond approved limits for the period between 2000-01 and 2010-11.
While the number of coal-fired power plants built worldwide has fallen over the past two years, Asia leads the world in building new coal power.
In a step towards a cleaner environment, the number of coal-based powerplants under development have seen a steep decline, especially in India and China, a report said.
The coal ministry has allocated 11 mines to Coal India Ltd (CIL) arms – Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Western Coalfields Ltd (WCL).