Queensland supports Adani coal mine project
A high-level Australian delegation led by Annastacia Palaszczuk, Premier of Queensland, Australia, visited Mundra Port in Kutch and reaffirmed the Queensland government's commitment to Adani's Carmichael Coal Mine Project, a statement issued by the company said here.
Spurt in imported coal prices to negatively impact the power value chain
The 60 per cent rise in imported coal prices (Richard Bay Index) between April - October 2016 is likely to negatively impact the power sector value chain, says India Ratings and Research (Ind-Ra). Discoms, IPPs with non-escalable fuel cost, merchant IPP’s and ports relying on imported coal for the bulk of their volumes will face volume and profitability pressures.
APTEL order brings relief for Tata Power, Adani Power
The Appellate Tribunal for Electricity (APTEL) ruled that the change in Indonesian laws that rendered Tata Powers and Adani Powers Mundra Power plants unviable qualifies for invocation of the force majeure clause.
Adani to supply power to railways at Rs.3.69/unit
Indian Railways today entered into a PPA with Adani Power for supplying 50 MW electricity at Rs.3.69 per unit for three years, which will result in saving of around Rs.150 crore annually.
Given the fact that a significant quantity of coal will continue to dominate India´s energy generation, energy efficiency becomes vital. As per the thumb rule: higher efficiency in the generation of electricity means, lower consumption of coal per unit of electricity generated.
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