Odisha’s power PSUs to apply for four new coal blocks
Four state PSUs of Odisha will apply for four new coal blocks- Chandrabila, Tentuloi, Sarapal-Nuapada and Kudanali-Luburi notified by the Ministry of Coal (MoC) under 'auction by competitive bidding' of coal mining'.
Pool pricing policy for coal to roll out in April 2013
A new coal pricing policy is likely to roll out from April 2013 with the government giving its final touch. Under the policy Coal India (CIL) will offer coal at pooled prices — a weighted average of the price of imported and domestically produced coal — to its buyers.
Power companies can secure coal from other sources than CIL
The government said that power companies may secure coal from alternative sources in the absence of sufficient supply of the fuel from state-run Coal India Ltd (CIL).
Power Ministry wants for more changes in FSA model
Power Ministry has sought a few changes in the model fuel supply agreement that Coal India Ltd has to sign with power firms by the November-end deadline set by the PMO.
30 power plants enter into FSA with Coal India
So far 30 power plants have entered into fuel supply agreements (FSA) with coal India Ltd (CIL) following the Prime Minister’s Office (PMO) direction asking power companies to ink pacts with the coal major by this month-end.
Bihar State Electricity Board unbundles into 5 different companies from today
The much-awaited unbundling of Bihar State Electricity Board (BSEB) into five different companies, with the avowed objective of rapid reforms in the energy sector, will become effective from Thursday with the state energy department issuing a notification to this effect.
Coal India, CEA advised to work on price-pooling of coal by PMO
The Prime Minister's Office (PMO) has asked both Coal India and Central Electricity Authority to work on the issue of the price pooling mechanism of imported coal, which is unresolved.
Fuel shortage holds up 65,000 Mw of power capacity
Almost 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.
Maharashtra will have to pay more to buy power
Maharashtra will have to pay higher levelised rates for power purchases in the coming months to keep load shedding away. Levelised rate is the average fixed and variable rate over the entire term of a power purchase agreement.
Government seek more suggestions on bidding for power projects
Government on Friday said it is open to accommodating more suggestions from stakeholders on new bidding documents being finalised for power projects to make the process more comprehensive.
Power Grid to invest Rs 1,327.74 crore in two projects
State-run Power Grid Corporation on Thursday said that it will invest Rs 1,327.74 crore for strengthening two transmission systems in the Northern region.
NTPC raises $500 million from ten year US bond
Power producer NTPC has raised $500 million through a 10-year dollar-denominated bond offering in the US market. The transaction has been done as part of the $2-billion Euro Medium Term Note programme of the company. The coupon for the NTPC bond was fixed at 4.75% and the instrument will yield 4.764% a year for investors.
CIL board may take a call on price pooling issues today
The Coal India Ltd (CIL) board is likely to take up the issue of coal price pooling today for implementation of the modified Fuel Supply Agreement (FSA).
Tata Power, Hindalco Industries to be panalised for delay in coal block
An official panel on Monday decided to penalise Tata Power and Hindalco Industries for delay in developing a coal block in Jharkhand owned jointly by the companies.
Re-allocate coal blocks for unit to be commissioned in 12th Plan: Power Min
The Power Ministry proposes to urge coal ministry to de-allocate the captive coal blocks from projects that have not progressed to those that will be commissioned during the 12th Five-Year Plan period. “We are going to take it up with the Coal Ministry as it is legally permitted,” Minister for Corporate Affairs and Power M Veerappa Moily told Business Line. But this proposal may clash wi...