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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Despite industry appeal, no change in power policy
The state government’s prohibitive policy on ‘captive generation’, a process which requires 26 to 28 per cent of the power generated to be sold to state discoms, continues unchanged, despite several appeals
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Oil cos make 2/ltr profit on petrol, but no relief yet
Drop In Crude Price, Rising Boost Margins. In Pakistan, oil companies slashed petrol prices by Rs 6 a litre effective Monday. Will their Indian counterparts follow suit? Consumers can only hope so, even
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Public transport to become expensive in Guwahati
The recent diesel price hike is going to pinch the denizens of Guwahati further hard as public transport in the city is expected to become expensive from next month. The minimum bus fare is expected to rise by 50 per cent and minimum fare of share taxi by 60 per cent. The association representing owners of city busses and share taxis have already asked the state government to revise the fare chart, or else they have announced that they would start charging the proposed revised fares from October 2.
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Bengal, Orissa & Chhattisgarh against coal price-pooling
West Bengal along with Orissa and Chattisgarh are opposed to price-pooling in coal, a top official of the West Bengal Power Department said on Thursday. Speaking at the CII organised Energy Conclave, West Bengal power department principal secretary Malay K De said that West Bengal had written to the Union coal and power ministries opposing the move. "West Bengal has opposed the move for price-pooling and we have already written to the coal and power ministries opposing the move. Along with us, at least two other states, I know, Orissa and Chattisgarh were not in favour of the plan," De said. De said there was no question of agreeing to the proposal in which common people of the state would have to pay additional electricity tariff.
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BHELSIA treads cautiously on captive power plant proposal
14-hour power cut coupled with high cost of diesel takes a toll Unable to cope up with 14 hours of power cut a day and high cost of diesel to run generator sets, BHEL Small and Medium Industries’ Association (BHELSIA) has kept its options open on exploring alternative sources for power generation. The association intends to determine feasibility for establishing a 10 MW captive unit, or see if solar power generation will serve their requirement. For, at the prevailing cost of diesel, the units are unable to survive by running generator sets for backup power. The ancillaries are prepared to invest on generator sets, but are unable to meet the recurring cost towards fuel. However, the proposal for establishment of captive power plant will be pursued only in the long run.
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States should subsidise domestic LPG: Kharge
Defending the recent hike in diesel prices and the cap on subsidised LPG, Union Minister for Labour and Employment M. Mallikarjun Kharge has said the State government should offer to bear the subsidy on cooking gas. Addressing presspersons here on Sunday, he said the fuel price hike was inevitable. With 74 per cent of the fuel required for the country being imported, there was a revenue deficit of Rs. 2 lakh crore as the fuel was being sold at subsidised prices.
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Coal India in price pooling dilemma
Coal India Ltd (CIL)’s decision to go ahead with modified fuel supply agreements (FSA) without price pooling was triggered by concern raised by various power producers, a top company official said. The
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Coal India's modified FSA
New power producers are unlikely to agree to the cost-plus model as their costs will be higher Coal India Ltd’s (CIL) board approving the modified Fuel Supply Agreements (FSAs) does not mean power plants will start getting assured supplies of coal to generate power, as new producers might not agree to the pricing under the FSA. The board approved payment of penalties in the range of 1.5 per cent to 40 per cent in case of a shortfall below 80 per cent. Thus, only if the company is not able to meet its commitment of supplies will it pay higher penalties.
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CIL to take a Rs.600 cr hit on diesel price hike
Coal India Ltd. (CIL) is set to take an annual hit of Rs.600 crore in its input costs due to the diesel price hike. A one rupee increase in diesel price impacts CIL to the tune of Rs. 120 crore, according to its Chairman and Managing Director S. Narsing Rao. The company , however, was not taking any decision to pass on the increase to its consumers, he said while talking to reporters after the company’s 38th annual meeting. “We will see,” he said when asked about a price revision.
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Rolling back excise on diesel to deal Rs 6,000-cr blow
The finance ministry is considering whether it can lower the excise duty The government would take a hit of about Rs 6,000 crore this year if it rolls back the excise duty of Rs 1.5 per litre on diesel it levied last week. Under pressure from the Trinamool Congress, the finance ministry is evaluating its options for a possible reduction in the excise duty, without taking a major hit on its overall revenue collection. Excise duty on diesel was levied to neutralise the loss the exchequer would have borne after an excise duty reduction of Rs 5.30 a litre on petrol, said a finance ministry official.