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.
Newcastle, the Australian port that’s the biggest export harbor for thermal coal, is planning a shift away from the commodity that generates the overwhelming majority of its trade volumes.
The government has begun the hunt for a full-time chairman and managing director of the world’s largest coal miner CIL and invited applications from professionals from PSUs as well as the private sector.
India’s Adani said on Monday it had cancel Led plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion (US$13 billion) project.
Power industry body ICPPA, whose members include players from key sectors such as steel and aluminium, has urged the government to ensure coal availability, saying most captive power producers (CPPs) are facing severe shortage of the fuel which may lead to closure of plants.
Over 300 out of around 500 units of coal-based power plants are not adhering to the emission norms notified by the Union Environment Ministry in December 2015, a report said here on Thursday, when the deadline set by the ministry two years back expired.
A special court will pronounce on December 13 its verdict in a coal scam case against former Jharkhand Chief Minister Madhu Koda, former Coal Secretary H C Gupta and others.