Stressed power assets have got a major boost as the power ministry has strongly recommended substantial changes to the RBI’s controversial Feb 12 circular on loan defaults that industry says will send capacity of 30,000 megawatts into liquidation, while the coal ministry has assured higher fuel supply to thermal plants with the help of auctions.
Power Minister RK Singh said Coal India has given assurances of meeting the power ministry’s coal demands, and said he was in regular touch with the ministry of coal and ministry of railways, regarding the shortage of coal.
From electrification of villages to making India a power surplus country, the power ministry has been unwavering in its endeavour to light up the nation. As Modi government completes its four years, it would not be wrong to say that power ministry, which was under Piyush Goyal till recently, has been one of the top performing ministries.
In a first-of-its-kind initiative in the energy sector, the government has started work on a plan to create a mammoth database of all the power generating units in the country, whether operational or being planned.
Power ministry’s meeting with Reserve Bank of India on the revised RBI norms for bad loans scheduled for today has been postponed. “It (the meeting) has been postponed. (The meeting will take place) some other day,” Power Minister R K Singh told reporters on the sidelines of a function
The powerministry has offered to supply electric cars to central government departments, which can either lease or purchase them — a move that can raise demand for such vehicles by about 5 lakh.
The remaining 90 million t of the sector’s demand will come from Singareni Collieries and captive coal blocks, Coal India executives said.
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.
India’s power ministry is considering ending the lock on electricity sales by distributors as one way to speed up growth in vehicle charging stations, according to a ministry official with knowledge of the plan.
The power ministry in 2015 notified that power-generating units operating for more than 25 years would either be retired or replaced with efficient super-critical units, which use less coal and water but have high emission standards. Replacement with better technology would entail higher costs and thereby mean costlier power for consumers.