The Central Electricity Regulatory Commission (CERC) has allowed power companies to claim compensation for the additional cost of coal procured from alternative sources due to Coal India’s failure to meet supply obligations.
State-owned Coal India Limited’s coal allocation under spot e-auction scheme declined by 37.7 per cent to 34.34 million tonnes in the last fiscal (2018-19). The country’s top dry-fuel miner had allocated 55.17 million tonnes (MT) of coal in FY 2018, according to government data.
Coal India will supply 530 million tonne of coal to the power sector in 2019-20, a 8.6 per cent rise over the previous year. Though the annual production for the current fiscal have not been finalised yet, it is likely to be around 650 million tonne, sources told PTI.
Privately-owned thermal power units have complained about coal price increase in the spot forward e-auction (SFeA) by state-owned Coal India and its subsidiary companies. The thermal companies have alleged that coal firms have increased reserve price in the range of 10-32 per cent.
Coal India has handed over Rs 1,131 crore to Life Insurance Corporation of India for managing a recently introduced pension scheme that covers 16,000-odd working and retired executives of the state-owned coal mining firm.
State-owned PDIL has been issued a letter of acceptance for providing pre-award consultancy services to set up a coal-to-methanol project at Coal India arm SECL’s Dankuni Coal Complex, CIL said Tuesday.
S K Sadangi, has taken over as chief vigilance officer of Coal India on Wednesday. A 1988 batch Indian Railway Stores Service (IRSS) officer, Sadangi holds a BTech degree from IIT and has completed his masters’ in public policy from National University of Singapore and Kennedy School of Government, Harvard, USA.
Projects and Development India Ltd (PDIL) is believed to have emerged as the successful bidder to provide engineering services for the setting up of a coal-based methanol plant in West Bengal by Coal India Ltd (CIL).
g a seven per cent growth in production and 4.8 per cent rise in offtake, Coal India Ltd (CIL) has fallen short of its target of 610 million tonne (mt) for FY19 marginally — by three million tonnes and two million tonnes, respectively.
Virtually every village in the country today is electrified but the irony of the situation is there isn’t enough affordable power to go round. The amount of power consumed in 2018-19 is estimated at just roughly 4% more than that in 2017-18.