India needs to do more to attract foreign investment in technologies that can cut emissions from burning coal, a global coaltrade association said on Friday, given that the fuel will be a main source of electricity in the country for decades.
A severe shortage of coal, caused primarily due to non-availability of railway rakes, has emerged as a major hurdle for the newly-established Bongaigaon Thermal Power Station (BTPS) of the public sector giant National Thermal Power Corporation’s (NTPC), especially with its third unit ready for commissioning.
India’s coal demand is expected to stay high with electricity generation capacity forecast to grow, speakers at the Coaltrans India Conference in Goa said Tuesday.
Indian resources conglomerate Adani Enterprises Ltd is looking to buy mines in countries such as Indonesia, a company executive told Reuters on Wednesday, despite its struggles to develop a controversial coal project in Australia.
At a time when the Central government is battling the problem of low coal stocks in over 50 power plants in the country, a study by Coal India Ltd (CIL) has listed out the headwinds impacting the coal sector.
It was always obvious that Donald Trump would never be able to keep his promise – made both as candidate and president – that he would bring coal jobs back to battered mining communities.
Our Bureau The thermal power plants’ demand for coal will be met by adequate supplies in the next financial year, said Piyush Goyal, Minister for Coal and Railways.
Coal-based power plants are feeling the heat of spike in thermal grade coal prices and railway freight costs.
Parliamentary Affairs Minister Chandra Mohan Patowary, replying on behalf of the home minister, made the announcement in the state Assembly here, and said the government was determined to root out corruption.
Acknowledging that coal shortage hit power generation in the current year, and that coal supply still was a sore point, the power ministry has said that the sector would need 615 million tonnes of coal supply in the coming financial year. This would also entail an increased demand of railway rakes of 288 per day to meet the demand.