The “Strategy paper on Coal Import Substitution” has been prepared as a report of the IMC (Inter-Ministerial Committee). The paper focusses on the present energy mix of the country, domestic coal production, trends and projections, import trends (sector-wise), coal import substitution measures already taken by the Government and most importantly, …
New Delhi After two stagnant years, April-September coal output posted a robust growth of 8.5%. Public sector Coal India (CIL) and private players with captive mines ramped up production after a worried government put them on notice. CIL exceeded its production target in the first half. If the trend continues, …
Power Utilities have reported a generation loss of 11.63 Billion Unit during the year 2011-12 due to shortage of coal. The station-wise generation loss reported by the Power Utilities due to shortage of coal is given at Annex-I. A statement giving Plant and State-wise coal requirement and receipt position is …
New Delhi India has been ranked by the World Trade Organization (WTO) as the seventh largest player in the global services trade with the value of exports and imports aggregating $261 billion in 2011. With exports at $137 billion and imports at $124 billion, India is one of the five …
Despite the postponement of the India-Japan annual summit, the two countries on Friday signed an agreement which will allow Tokyo to import rare earth minerals — important for Japan’s high-tech industry — from India. Japan is hoping that the deal with India will help reduce its reliance on China for …
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 …
Chandigarh: Recent rains in Himachal Pradesh, from where the majority of vegetables are imported in the season, have resulted in a decline in arrivals leading to some vegetables ‘disappearing’ from mandis in the city. Peas have seen a reduced import of more than 80 percent, with only 452 bags arriving …
The Indian industrial sector has slowed down and reviving it is an immense challenge, given problems in the availability of power. Many states across the country have been facing daily power cuts of upto six hours; the situation is only worsening despite measures being taken by the government such as …
New Delhi Reliance is expected to source ultra heavy crude from the Orinoco oil belt The country’s largest private oil and gas explorer, Reliance Industries, signed a 15-year oil supply contract with Venezuela’s state oil company, PDVSA, in Caracas on Tuesday. Venezuela’s Orinoco oil belt is expected to supply up …
China may import more crude or refined products in the next few months, after official figures showed a sharp drop in oil and fuel inventories in August. China’s commercial crude inventories fell 2.5% by the end of August from a month earlier, and those of refined products by 10.9%, according …
New Delhi The Planning Commission on Tuesday said that the country's coal demand is likely to touch 1,000 million tonnes (MT) by 2016-17, much higher than estimated supply of 750 million. "The demand of coal is estimated at 1,000 MT and we are assuming that domestic availability would be 750 …
INDIA-: ONGC, IOC, Oil India bid for Conoco Canada oil assets A trio of state-controlled oil companies on Monday said it has bid $5 billion for stakes in Canadian oil sands assets owned by ConocoPhillips , in what could be the next major test of Canada's appetite for foreign investment …
Kolkata The Coal India (CIL) board has given the management the green signal to step up acquisition of foreign coal mines. Acquiring mines abroad is necessary since coal production at home will fall far of short of demand. The gap between the power sector’s requirement and domestic coal supplies has …
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 main reservation put forward by critics of price pooling is the price of domestic coal will increase six …
IIM-Ahmedabad study favours continuation of fertilizer subsidy with better targeting and rationing Even as the union government has estimated country's subsidy burden touching 2.4 per cent of the GDP this financial year, a recent study by management experts believe that removal of fertilizer subsidy would make farming unprofitable in many …
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 …
The independent directors of Coal India Ltd (CIL) have warned that the public sector giant could end up with Rs 60,000 crore losses over the next 20 years if it goes through with a proposal to import 20 million tonnes of coal and sell it to private power producers at …
The department of consumer affairs recently mandated compulsory labelling of packaged genetically modified food. Though segregation and testing to ensure compliance is a great challenge under Indian conditions, implementation is not difficult because India has only a limited number of genetically modified imports and only one commercially produced domestic crop …
Mumbai India needs to stem an influx of cheaper imports from China and ease taxes on locally made solar cells to boost domestic manufacturing, Tata Power Solar Systems’ newly appointed CEO Ajay Goel told FE in a telephonic interview on Wednesday. The government aims to turn India into a major …
The financial costs associated with coal-fired electricity generation are set to rise given the need to increase coal import, according to a study report of Equatorials. The study on coal fuel supply agreements by Coal India Ltd and recent developments commissioned by Greenpeace bring to the fore how the costs …
India currently has plans to ramp up coal based power generation on a massive scale. Domestic supply has consistently fallen short of demand and the gap has been widening. Coal India Limited, a public sector company, mines about 80% of the coal in the country and is being directed by …
