Commercial coal mining - is it timely?
There is a revolution that is sweeping the energy sector globally and in India. The balance now seems to be conclusively tilting towards renewable energy. And, this development is not entirely due to government subsidies, but because these sources of energy are financially viable on their own.
Racing Ahead of Demand
The power sector, over a period of six months, has witnessed large scale investments in the power generation segment leading to an increase in the installed capacity to 329 GW as on September 30, 2017 from 132 GW as on March 31, 2007.
Rs 3653 cr received from coal blocks
The coal bearing state governments have received an amount of Rs 3,653 crore till June 2017, from the allocation of coal blocks/mines under the provisions of coal mines (Special Provisions) Act, 2015. Under the aforesaid Act, provisions of the entire revenue from allocation (auction and allotment) of coal blocks/mines under the accrues to the coal bearing state government concerned.
Bonds create cash reserves and have stable interest rates
If you look at CLP’s Jhajjar thermal power plant, we started with raising debt in Rupee and subsequently raised foreign currency borrowing. As the operational performance of Jhajjar improved over a period of time, we looked at the debt capital markets.
Coal secretary meets J´khand CM on pending coal mines
Union Coal Secretary Susheel Kumar met Jharkhand Chief Minister Raghubar Das in connection with the pending coal mines. Apprising Das of the efforts being made to start the allotted coal mines to Jharkhand, Kumar said there was revenue loss due to non-functioning of mines, according to an official release.
Adani´s Australian coal mine project gets water law exemption
Adani´s coal mines in Australia received a boost by a last-minute amendment to Queensland´s new water laws that would exempt the Indian mining giant´s controversy-hit $21.7 billion project from any public objection process.
MCL aims to open two greenfield mines by 2018
Mahanadi Coalfields Ltd (MCL), the largest coal producing subsidiary of Coal India Ltd (CIL) is aiming to open two new greenfield coal mines by 2018 as it gears up to reach the targeted production of 250 million tonne (MT) by 2020.
Advertise Here [300 W x 250 H pixels]