Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
Acquisition to feed steel plants, power projects in India Monnet Ispat and Energy Ltd (MIEL), India's second-largest coal-based sponge iron producer, is set to soon acquire majority stake in a 25-million tonne (mt) coal mine in Colombia. The Rs 1,960-crore MIEL wishes to feed its steel and captive power plants …
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 …
Coal India is working on a new model for price pooling that will allow power generators to buy a mix of imported and domestic coal at one price. Officials at the State-run miner said the price derived by the new formula will have the cost of imported coal factored into …
Mumbai Tata Power on Thursday said it has acquired a 26% stake in Indonesian coal miner PT Baramulti Suksessarana Tbk (BSSR), aiming to bolster supplies amid a severe domestic fuel shortage. The company did not disclose the terms of the deal. At Thursday’s closing price, Tata Power’s stake in Baramulti, …
With the November 30 deadline set by the Prime Minister’s Office (PMO) to wrap up fuel supply agreements (FSAs) drawing near, the Power Ministry has directed NTPC to sign the FSA with Coal India Limited (CIL) for supply of coal for its power plants. The Power Minister, in a recent …
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements The private power producers' lobby has taken state-run Coal India Ltd (CIL) to the Competition Commission of India (CCI) over the long-standing issue of fuel supply pacts. The lobby has blamed …
Kolkata The inter-ministerial group on coal blocks will meet on November 5 and 6 to finalise the norms for allocation of 13 de-allocated coal blocks to private sector undertakings (PSUs), said coal minister Sriprakash Jaiswal at the 38th Coal India (CIL) foundation day. On further deallocation of coal blocks from …
Talks on with APIIC to identify suitable site for the project India’s major power producer National Thermal Power Corporation (NTPC) has decided to launch a fresh initiative to speed up work for establishing 4,000 MW coal-fired Greenfield power project near Visakhapatnam. Having completed the full design capacity of 2,000 MW …
Committee agrees to allow 26% share in profit The ruling United Progressive Alliance (UPA) government and the Bharatiya Janata Party (BJP) might be heading for a stormy winter session of Parliament but it seems the two parties have come together to get the Mines and Minerals (Development and Regulation) Bill, …
Expansion of existing blocks was held up for environmental clearance, new blocks were either unexplored or partially explored For all the problems that plague thermal power plants across India -- coal stocks of just one week or projects struggling to come up for want of assured coal -- Coal India …
New Delhi With impasse over the price pooling mechanism of imported coal remaining unresolved, the Prime Minister's Office (PMO) has asked both Coal India and Central Electricity Authority to work on the issue. "The PMO has recently asked both CIL and CEA to sit and work on Price Pooling," a …
New Delhi Close to 65,000 MW of power generation capacity is held up in the country due to shortage in fuel supply by state-run Coal India, says a report. According to the latest CEA report, as many as 47 power stations suffered scarcity of fuel with stocks that could not …
About 60 coal-based power plants were planned in Chhattisgarh after 2005 as opportunistic business plugged into easy money and bad governance. M Rajshekhar reports that barely 15 plants will come up. And the situation in rest of India is just as bad. From his room in a modest district administration …
Mumbai Growing energy demand helped Indian companies rise up in a global top 250 energy company rankings list compiled by Platts, but the performance may prove hard to sustain. The global energy information firm’s 2012 rankings reflect performance in four key areas — asset worth, revenues, profits and return on …
The Central Electricity Regulatory Commission (CERC) has admitted Adani Power’s petition to adjudicate its dispute with utilities from Gujarat and Haryana over their power purchase agreement (PPA). In its petition, Adani Power, a subsidiary of Adani Enterprises, raises several issues relating to the effect of Indonesian Regulations on its obligations …
The Board for Industrial & Financial Reconstruction (BIFR) will take up hearing on the closed fertiliser plant of Fertiliser Corporation of India (FCI) on October 30. BIFR has directed FCI to submit all audited accounts- balance sheets and profit & loss accounts along with auditor reports from the date of …
Dip could flatten firm?s cushion against stagnation in productivity In a distress signal for the world’s largest coal miner, Coal India Ltd’s (CIL’s) spot sales dipped for the first time in the five years since the e-auction, or spot sales, scheme was launched in 2007. Revenue from e-auction is expected …
E-auction sales would be gradually stabilised at 49 mt over the next four-five years: S Narsing Rao State-owned Coal India Ltd (CIL) plans to restrict spot sales to 49 million tonnes (mt), about seven per cent of its production, over the next four to five years. “E-auction sales would be …
Says Coal India is ready to sign at 80% trigger level, with 15% imported coal on cost-plus model The Coal Ministry today said it expects power utilities to sign fuel supply agreements (FSAs) with state-run Coal India (CIL) by November-end. "It is expected that power utilities will sign FSAs by …
Coal Minister Sriprakash Jaiswal today said states need a stronger mindset to put an end to illegal mining as the tackling of law and order was primarily in their hands. Jaiswal announced that the government had identified 54 new coal blocks with total geographical reserves of about 18.22 billion tonnes …
