Clouds around coal
Coal plays an essential role in our global energy mix, particularly in India and the developing world through electricity generation. This fossil fuel has gained prominence due to its availability in abundance in the bowels of earth, lack of disastrous impact like nuclear plants do, and favourable economics it continues to enjoy in power generation
A static mission
Private firms in the sector are keen on becoming integrated players by investing in the transmission sector, where the rate of return is on a par with the generation sector (around 16 per cent).
India´s current aggregated technical & commercial (AT&C) losses have been estimated to be around 27 per cent of the electricity generated. Such high AT&C losses are counted as one of the main reasons for the state electricity board´s (SEBs) financially weak status.
It is estimated that the production of pumps in the country is presently of the order of Rs 1,200 crore, contributed by some one million pumps per year, produced by 500-odd manufacturers of large, medium and small scales.
India, Australia should make joint investments in coal: Steel minister Verma
India and Australia should look at the possibilities for joint investments in developing coal assets, Steel Minister Beni Prasad Verma has said. Leading a high-level delegation to Australia and New Zealand to strengthen ties in areas such as mining and coal supply, Verma met Minister of Natural Resources & Mines, Queensland, Andrew Cripps.