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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Report of the committee on the production sharing contract mechanism in petroleum industry
The Government of India constituted this committee to look into the Production Sharing Contracts (PSCs) mechanism in petroleum industry. The exploration and production policy for hydrocarbons is a cornerstone
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Commercial woodfuel production
Woodfuels (firewood and charcoal) are the dominant energy source and the leading forest product for most developing countries. Representing 60 to 80 percent of total wood consumption in these nations,
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Growth of ethanol fuel stalls in Brazil
“A new moment for mankind.” That was how Brazil’s former president, Luiz Inácio Lula da Silva, described his country’s biofuel boom in March 2007. Back then, Brazil was the poster child of ethanol fuel,
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CIL needs to up prices to offset imported coal cost
New Delhi Coal India will need to increase domestic coal price by 8-21% during the current 12th Five-Year Plan to offset the impact of the high cost of coal that it may have to import to meet at least 80% of the fuel requirement of power companies as per contractual terms. The company, which is struggling to step up production to meet the power sector’s fuel demand, has projected coal import requirement at 18 million tonnes (mt) in the current year (2012-13), 45 mt in 2013-14, 38 mt in 2014-15 and 19 mt in 2015-16. But it expects to be able to meet the power sector’s fuel demand from indigenous production alone in 2016-17.
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Moily pulls Reddy note against KG price hike
New Delhi In a rare administrative move, petroleum and natural gas minister Veerappa Moily has withdrawn a note circulated by his predecessor Jaipal Reddy to the members of a ministerial panel, which had opposed an immediate price hike sought by Reliance Industries (RIL) for the gas from its KG-D6 block. Ministry sources attributed the decision to the matter being considered by the six-member Rangarajan committee, but is widely perceived as a sign of moderation in the way the government views RIL’s demand. Moily’s move also reflects the government’s anxiety to ramp up domestic gas output, crucial for the energy-starved economy.
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Odisha objects to new coal price pooling formula
Says the pricing is meant to subsidise private power generators The Odisha government has objected to the new coal price pooling formula proposed by the Central Electricity Authority (CEA) and Coal India Ltd (CIL), saying the revised pricing mechanism is aimed at subsidising private power generators. “If pooling of price is followed, it will ensure subsidy to those power plants, which do not have coal linkage. Private power generators will be mostly benefited at the cost of the state and the general public,” said Pradip K Jena, state energy secretary in a letter addressed to the Central power ministry.
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Oil ministry recalls note against RIL gas price hike
New Delhi: The oil ministry has withdrawn a note — prepared under then minister S Jaipal Reddy’s watch — documenting its opposition to any premature increase in price of gas Reliance Industries (RIL) is
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TDP to launch agitations against power cuts, LPG tariff hike
Leader of Opposition in the Legislative Council Dadi Veerabhadra Rao on Sunday said the Telugu Desam Party (TDP) would burn effigies representing the Congress Government all over the State on November 26, marking its protest against the ‘anti-people policies’ of the ruling party and its failure on virtually every front. At a press conference he said whether it was the skyrocketing prices of essential prices, compounded by increase in fuel prices, power situation in the State, mushrooming corruption, political unrest and many more disconcerting situations, the Congress Government had utterly failed in handling them. Party leaders and cadres would highlight this during their agitation on November 26, he stated.
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PetroMin officials to explain RIL D6 block's revenue implications, price-rise demand
Parliament’s standing committee on finance has summoned senior petroleum ministry officials to explain the revenue implication of falling gas production from Reliance Industries Ltd’s (RIL’s) D6 block in the Krishna-Godavari basin (KG-D6) and the company's demand to increase the price. Earlier this month, it had questioned the finance and revenue secretaries on the issue and sought details of revenue loss to the government on account of low production from KG-D6.
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Fuel availability, rising cost issues still loom large over major power players
Mumbai The July-September financial reportcards of India's major power producers, such as Tata Power and Adani Power, reflect that issues such as fuel availability, tariff renegotiations and pass through of rising costs still loom over industry. Stagnating production at Coal India and lower gas output at the country's flagship KG-D6 block have led to shortages of fuel used in conventional power plants, forcing power producers to increase imports and driving up costs.