With an aim to bring surplus coal produced in private captive mines into the pool, the government is set to bring them under the regulatory ambit. The proposed coal regulatory authority, being set up to
Many power utilities have opted to import coal directly themselves and not getting it through Coal India Ltd. Only less than 10% of the expected 36,000 MW capacity projects may buy the fuel from the coal
The Group of Ministers (GoM) reviewing the Coal Regulatory Authority Bill has reached a consensus on setting up a regulator for the coal sector. But the regulator is unlikely get powers to either fix prices or
Planning Commission Deputy Chairman Montek Singh Ahluwalia is hopeful that power projects scheduled for completion by March 2015 will have operational fuel supply agreement (FSAs) in place
The government has decided to shelve the proposal coal price pooling since a consensus on the likely impact on tariff could not be reached. The decision has deprived power producers to reap the benefit of
Videocon Group chairman Venugopal Dhoot is schedule to meet West Bengal chief minister Mamata Banerjee today to revive its Rs 20,000 crore power and steel projects proposed in West Bengal.
According to the minister of state for coal three major railway lines to move coal from existing and planned mines of Coal India Limited will be commissioned by 2017, which the state-run miner considers
Changing its strategy on disinvestment, the government is pushing ahead share sale of Coal India by offloading 10% stake in the coal major.
Coal India Ltd has revived its plans to set up power plant in Odisha. The Rs. 9,000 crore 2x800 megawatt (mW) plant will come up at the mouth of a coal field in the Mahanadi basin marking the foray of world largest coal producer into the power sector
The Cabinet Committee on Investment (CCI) has approved NTPC’s proposal to set up power plant with a total capacity of 1,980 Mw in Jharkhand. The North Karanpura plants, to be located in Chatra district, is NTPC's maiden project in Jharkhand.
With an aim to bring in international practices, Coal India has roped in PricewaterhouseCoopers (PwC) to the company to develop a pact for supply of imported coal for power firms entering into fuel supply agreement with the state PSUs.
The Cabinet Committee on Economic Affairs (CCEA) gave in-principle approval and finalized the blueprint of the controversial pooling mechanism in its meeting of 5 February but has deferred the final decision on its implementation.
The second presidential directive imposed on CIL by the government is likely to get the nod of Union Cabinet, this time for implementing the price pooling of domestic and imported coal for supplies to the power plants.
Only 48 power producers have inked fuel supply pacts with state-run Coal India so far, even as the second deadline set by the Prime Minister's Office (PMO) for signing these agreements ended last week.
Coal India Ltd (CIL) will provide coal under the MoU route to power plants till January-end, even as firms like NTPC are yet to ink fuel supply agreements (FSAs), sources said.