International Coal Ventures Limited (ICVL), a special purpose vehicle (SPV) floated by five public sector undertakings, including Coal India Limited (CIL), has identified some coal assets in Australia, Mozambique, the US and Indonesia for acquisition, a top CIL official told Business Standard.

The inauguration of the clearing house for Coal Bed Methane (CBM) this November at Central Mine Planning and Design Institute (CMPDI) here would be a high-voltage affair. For, officials from the energy department of the US and the country

Nirmalya Mukherjee / Kolkata/ Bhubaneswar September 08, 2008, 5:40 IST

Coal India Limited (CIL) has challenged contentions of the Railways and power companies on the loading and supply of coal to the country's different power units, 43 of which are currently identified as 'critical' and 25 as 'super critical' because of coal shortage.

Coal India Ltd (CIL) and IL&FS Infrastructure Development Corporation Ltd (IL&FS IDC), a unit of IL&FS, have signed a deal to float a 50-50 joint venture to undertake develop mining, power and other coal-based projects. A special purpose vehicle, Integrated Power & Coal Development Co Pvt Ltd (Intec), will set up a project development fund of Rs 10 crore per project with equal shares from the two partners to fund each project that it takes up. CIL's technical director NC Jha and IL&FS IDC's managing director DK Mittal signed the pact at CIL's headquarters here in the presence of CIL chairman Partha S Bhattacharyya and others. The SPV will undertake the entire chain of project development activities, from project identification, site selection, facilitation in land acquisition and technical and environmental studies to preparation of DPR, EIA, obtaining various clearances and approvals, obtaining linkages, tying of sales (power sales as relevant to power projects), finalisation of evacuation arrangements, financial modeling, legal documentation, engineering, procurement and construction (EPC) contract, O&M, project structuring and marketing with lenders and investors. The SPV will work on projects that involve improving mine performance, accessing difficult mines, developing or implementing pithead coal-based power projects, development of washeries, power plants based on asheries and so on. The venture will also help private sector Companies that have been allotted mines to develop them. CIL expects to gain from the SPV's activities by way of low-cost power from pithead-based power plants and by selling power instead of coal.

Coal India Ltd (CIL) and IL&FS Infrastructure Development Corporation Ltd (IL&FS IDC), today entered into a memorandum of agreement (MoA) to float a joint venture company, with 50 per cent equity contribution each by the two organisations, to undertake project development for mine, power and other coal-based projects. The MoA document was signed by NC Jha, director (technical) of CIL, and DK Mittal, managing director of IL&FS IDC, at the CIL headquarters in Kolkata today, in presence of CIL Chairman Partha S Bhattacharyya and other officials of the two organisations.

Safety the major casualty in mining

The coal industry faces several problems which, if not tackled expeditiously, will only worsen in the years to come

minewatch, the London-based research and policy non-governmental organisation ( ngo ) for global mine projects, has thrown a spanner in the expansion plans of the Indian coal mining giant Coal

Allegations by Bihar minister Sonadhari Singh of illegal mining in Chotanagpur has stirred up a hornets' nest.