Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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HC lifts stay on diesel dual pricing
The Madras high court has restored the diesel dual pricing policy according to which bulk consumers must buy diesel by paying about Rs 12 more than the retail rates. The first bench comprising acting
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Coal price pooling plan seems set to unravel
Ministries of coal & power have sided with PSU power utilities The much-touted plan to optimally distribute the higher cost of imported coal among power producers via a price-pooling mechanism with cheaper domestic coal may go haywire. While a host of large upcoming private power projects would have increased their viability under the proposed regime, two key administrative ministries — those of power and coal — have virtually sided with public-sector power utilities, who fear losing their current cost advantage if price-pooling is implemented.
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Shift to global gas pricing regime, says Planning Commission
The Planning Commission has recommended switching to the international pricing formula for natural gas — which presently works out to $14.5 per MBTU, almost three times more than the present price of $4.2
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GSPC to Take Control of Gujarat Gas in a Mth
The BG group will hand over control of Gujarat Gas to GSPC by the end of this month after the stateowned company acquired a controlling 73.7% stake for . 2,810 crore. “We have received mandatory clearances
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LPG direct cash transfer scheme likely from July 1
The government is gearing up for the next big leap under the Direct Cash Transfer (DCT) scheme to bring a huge number of nearly 14 crore LPG consumers under its ambit. The scheme, which is likely to be launched from July 1, is aimed at directly putting the subsidy component of the domestic cylinder into the bank account of the consumers to eliminate the leakages in the system and address the problem of diversion of domestic cylinders for commercial market.
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Power ministry cold to gas price hike suggestion
After fertiliser, the power ministry has also opposed the recommendations made by the Rangarajan panel to increase domestic gas price from the current $4.2/mmbtu to $8.8/mmbtu, saying it will impact the power sector by about R46,360 crore annually. The gas supplies to the sector have completely halted from the KG D6 block of Reliance Industries, which recently hit an all-time low of 15.5 mmscmd from a peak of 69.43 mmscmd in March 2010.
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KSRTC to study CNG option
The Kerala State Road Transport Corporation (KSRTC) is contemplating a detailed study into the feasibility of using compressed natural gas (CNG) as a cheap alternative fuel to run its buses in view of hike in price of high speed diesel. The exhaustive study is being planned as the KSRTC management is still sceptical about the Rs.100 crore CNG plant proposed by the Union Petroleum ministry for Kochi to overcome the crisis of having to pay market rates for HSD.
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Coal India Shelves 36 Projects in Maharashtra
Exponential increase in land prices raises cost by . 2,690 crore Some 36 coal projects with estimated production capacity of 17.7 million tonnes per annum at the public sector monopoly Coal India turned unviable in Maharashtra because land prices have increased exponentially. CIL has shelved these projects and may take them up only if it can get a price that covers production cost from these proposed mines. “Coal price from these projects will rise by as much as 100% if we have to cover the cost of production,” said CIL officials.
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Oil & power ministries at loggerheads on proposal to double gas price
The proposal for the doubling of natural gas price made by the Rangarajan committee has the oil and power ministries at loggerheads. Sources said that the power ministry has held back its comments on the
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GSPC seeks LNG price for KG basin gas
The company finds hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing LNG After Reliance Industries Ltd, GSPC, the firm floated by Narendra Modi government, plans to sell natural gas from its KG basin fields at imported LNG rate of $14.2 per mmBtu. In a nearly month-long, elaborate market price discovery exercise, Gujarat State Petroleum Corp (GSPC) found hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing gas in its liquid form (LNG).