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Panel defers green nod to MCL's Rs 335 crore coal washery project
February 2017
A green panel has deferred its decision on granting environment clearance to Coal India arm Mahanadi Coalfields Ltd (MCL) for setting up of a Rs 334.72 crore coal washery in Odisha and asked it to get forest clearance first, and also sought other inputs.
RE funding to depend on coal cess kitty
February 2017
The budgetary allocation to MNRE has increased 26 per cent to Rs 10,814 crore for 2017-18. However, the projects would have to depend on the coal cess pool, as more than half of the ministry’s budget would come from the National Environment Fund (NEF).
Coal issues dog Essar's Jharkhand project
February 2017
Essar Power’s Tori project in Jharkhand is stuck for lack of coal, despite a spurt in the fuel’s supplies in the country. “The 1,200 Mw project is almost 50 per cent complete.
Moody’s changes power sector outlook from negative to stable
February 2017
Moody's Investors Service and its Indian affiliate, ICRA predicts stable outlook for the power sector over the next 12-18 months reflecting sustained improvement in domestic coal availability, as well as the Indian government's policy initiatives, which is likely to lead to improvements in financial positions of state-owned electricity distribution companies in the next two to three years
NLC adopts new method of floating tenders
February 2017
NLC, has adopted an innovative method of floating tenders for raising funds for a coal-based power project (3x660 MW) at Ghatampur (UP), which includes reverse auction mechanism, in order to secure the debt component.
India's problems with coal sector continue | BTI
February 2017
In January 2017, India’s coal imports declined by 22 per cent to 14 million tonnes because of lukewarm demand from power generating stations. Coal India Limited, which accounts for 80 per cent of domestic coal production, has posted its worst ever financial results for H1-FY17 as revenues declined even as expenses rose. At the same time, PLF of thermal power stations continues to be near all-time lows of under 60 per cent.
CoalMin to move Cabinet for fuel linkages
February 2017
The coal ministry will soon seek the Cabinet´s approval for the auction of coal linkages for the power sector. ´It is broadly finalised. We will take it to the Cabinet soon. We will soon go for inter-ministerial consultations. The whole process has been finalised,´ Coal and Power Minister Piyush Goyal said.
NLC adopts new method of floating tenders
February 2017
NLC, has adopted an innovative method of floating tenders for raising funds for a coal-based power project (3x660 MW) at Ghatampur (UP), which includes reverse auction mechanism, in order to secure the debt component.
THDCIL and MoC, inked Allotment Agreement
February 2017
DV Singh, CMD, THDCIL and Vivek Bhardwaj, Joint Secretary, Ministry of Coal, Govt. of India signed the Allotment Agreement for Amelia Coal Mine this month. UC Kannaujia, GM(SP) and Mukul Sharma, Sr. Manager (Thermal Design), THDC NCR Office Kaushambi were also present on the occasion with senior officials of THDCIL and Ministry of Coal.
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