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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Bidding norms for new power projects soon
Faced with acute shortage of power and fuel and various issues impeding development of the power sector, the government on Tuesday hinted that it would soon come out with new bidding norms for new power projects after holding talks with the stakeholders. Addressing a press conference here, Minister of State for Power Jyotirditya Scinda said he would hold talks with stakeholders during the next two weeks and finalise the Standard Bidding Documents (SBDs) that had been in the works for a long time now. He also indicated that a plan was underway to strengthen the electricity grid system and move was afoot to grant the status of regulator to Power Operations Systems Company (Posoco), a wholly-owned subsidiary of Power Grid Corporation of India Limited (PGCIL).
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Diesel subsidy for 2013-14 could be capped at Rs 6/litre
Banking on the phased deregulation of diesel pricing, the government proposes to cap subsidy on this fuel at R6 per litre in 2013-14 to insulate itself from volatility in global crude oil prices which
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Power industry to raise fuel crunch issue with Scindia today
Cyrus Mistry, Anil Ambani and Chanda Kochhar on the 22-member advisory panel Power sector heavyweights including, Tata Group Chairman Cyrus Mistry and ADAG Chairman Anil Ambani, along with top bankers, will meet power minister Jyotiraditya Scindia tomorrow to discuss issues hurting fresh investment running into lakhs of crore in the sector. This will be the first meeting of a 22-member advisory panel for the power sector.
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Oil firms to get CCI notice on cartelization
The Competition Commission of India (CCI) is issuing a notice to three state-owned oil marketing companies (OMCs) on a probe on whether they form a cartel to fix petrol prices. The commission is also looking at the coal and fertiliser sectors, where government-owned companies dominate the market. “Law does not distinguish between government and private companies,” said Ashok Chawla, chairman of CCI, addressing the annual global investor conference here of Kotak Institutional Equities. “After the government clarified that it does not have a role to play in petrol pricing after deregulation, we have taken up the issue.”
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Petrol, diesel hike rollback not on, says Moily
Oil minister M Veerappa Moily on Monday ruled out a rollback in the Rs.1.50-a-litre hike in petrol and 45 paise a litre increase in diesel rates, saying only a small raise has been passed on to consumers. “I think everybody would appreciate that we have not put a lot of burden on consumers. It is only small doses,” Moily told reporters. “Our country imports 73-75% of oil. We need to pay R7 lakh crore for the imports. Where do we find that kind of money?” he said.
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Coal price pooling likely only for power plants after March 2009
Faced with stiff opposition from power utilities over the Centre’s move to introduce coal price pooling which could increase price of the fuel by R100 a tonne (5%) or more, the coal ministry may restrict
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CoalMin agrees to re-draft Bill for setting up coal sector regulator
The coal ministry, accepting the demands of the power ministry, has agreed to re-draft the Bill for a regulator for the coal sector by seeking to empower the watchdog to fix prices of coal and including a member from the power sector as a member in the regulatory mechanism. The Coal Regulatory Authority Bill, 2012 being re-drafted will now be equipped to fix prices of various grades of coal apart from determining the methodologies and policies for finalising prices of both raw and washed coal in line with their calorific values.
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CoalMin agrees to re-draft Bill for setting up coal sector regulator
The coal ministry, accepting the demands of the power ministry, has agreed to re-draft the Bill for a regulator for the coal sector by seeking to empower the watchdog to fix prices of coal and including a member from the power sector as a member in the regulatory mechanism. The Coal Regulatory Authority Bill, 2012 being re-drafted will now be equipped to fix prices of various grades of coal apart from determining the methodologies and policies for finalising prices of both raw and washed coal in line with their calorific values.
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Petrol price hiked by Rs.1.50 a litre, diesel by 45 paise
Fuel prices are back on the boil. Oil marketing companies on Friday increased petrol price by Rs.1.50 a litre and diesel by 45 paise a litre. This is the second straight month where oil marketing firms have raised diesel price to bring down the under-recovery. The government has allowed them to increase disel prices by 45-50 paise a month till underecovery on the product is completely eliminated. The price of petrol was last revised downward by 30 paise a litre on January 18 but diesel prices went up by 45 paise a litre on the same day.
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Diesel prices will rise but not in concert this month: OMCs
Indian Oil Corporation review meeting later this week The next phase of rise in diesel prices seems, unlike earlier, to be a non-combined exercise from the three government oil marketing companies ( OMCs). On January 17, the government allowed Indian Oil Corporation ( IOC), Hindustan Petroleum Corporation (HPC) and Bharat Petroleum Corporation (BPC) to eliminate the loss on sale of diesel to bulk consumers at one go and do a gradual rise in prices at monthly intervals for retail outlets — the government had suggested a 45-50p/litre rise at a time. A month gets over this Sunday, since the decision