The government is looking at 2018 with renewed optimism for the coal sector in the wake of demand upturn and expecting 6-7 per cent growth in supply of the dry fuel next year.
The government today said a panel set up to prepare the draft voluntary retirement scheme (VRS) for the employees of Coal India is yet to formulate the proposal.
Private power companies are crying foul as Coal India (CIL) has stepped up supply to state-owned power plants without a long-term fuel linkage at a time when former’s generating stations are seeing a shortage of the dry fuel, saying this is in contravention of the government policy.
Coal India has slapped a levy of Rs 50 per tonne as coal evacuation charges, which is set to earn the public sector miner Rs 2,500 crore every year.
The system of coalblocks allocation could undergo an overhaul, with New Delhi leaning towards the oil-and-gas industry model that involves sharing production or revenue instead of the existing practice of auctions.
Anil Ambani-led Reliance Power has approached the Delhi High Court seeking early allocation of coal to its power plant in Maharashtra.
Coal India subsidiaries have finally issued electronic letters of intent for supplies of 27 million tonnes of coalannually for 25 years to 10 companies that won them through an e-auction on discounts offered over their existing tariffs.
The country can save up to Rs 54,000 crore in power costs and reduce air pollution by replacing expensive coal plants with renewables, according to a new analysis by GreenpeaceIndia.
Days after chief minister Manohar Parrikar promised the House to monitor pollution levels after the assembly unanimously passed a resolution against coal pollution.
The first bidding under the new scheme of the Centre, “SHAKTI coal scheme” to provide coal to private power units would see the revival of 10,000 MW worth of generating units of Adani Power, Lalitpur (Bajaj Hindustan), KSK Mahanadi, GMR Energy, GVK among eight others.