Electricity production in India is projected to expand dramatically in the near term to energize new industrial development, while also easing the energy shortages throughout the country.
Anupama Airy Country's top corporate houses including the Tatas, Mukesh Ambani-controlled Reliance Group, the Jindals along with the Adani Group and others will now have to compete and outbid each other to secure rights for a cluster of coal blocks
India Inc. is embroiled in a war of words with Coal India (CIL), the country's largest producer and supplier of coal. With an annual production of more than 350 million tonnes of raw coal last year, Kolkata-based CIL meets the coal requirements of more than 80 per cent of the industry, which gives the government-owned and run company a near monopoly status in the coal market. Traditionally, allocation of coal was done by CIL in consultation with the Ministry of Coal.
The new Union minister of state for coal, Santosh Bagrodia, did a U-turn on Saturday to clarify that the government does not want to overhaul the new coal distribution policy now being rolled out. "The new policy is a well framed policy and we will work under the broad guidelines of it,' Bagrodia said. On Friday, at his first interaction with a city chamber and the media, Bagrodia had made some statements implying that the policy, launched in October 2007, would be turned on its head.
When it comes to the lords of Collieries, there is little method in their madness. While coal demand for power projects in the private sector outstrips supply, there is no clear rationale for allocating long-term coal supplies to fuel private sector power plants from the mines of near-monopoly public sector undertaking Coal India Ltd. Recently, for the first time, the coal ministry decided to bring some sanity to this process, by laying down an allocation norm. What followed thereafter was more chaos.
If you believe the financial press, one of the biggest environmental stories this past year has been the question of "go" and "no go" areas for coal mining.
Shortfall in coal supply may touch 269 million tonnes by 2021-22, from the current level of around 80 million tonnes as domestic producers fail to keep up with the growing demand for the commodity.
The demand for coal in 2021-22 is projected to be around 1,353 million tonnes as against the production assessment of 1,084 million tonnes, resulting in a shortfall of 269 million tonnes, said the Co
New Delhi: Union environment minister Jairam Ramesh would dilute environmental norms to allow 16 coal projects to take off, coal minister Sriprakash Jaiswal said on Tuesday.
Jairam Ramesh had not taken a decision by the evening but he wrote a letter to Prime Minister Manmohan Singh apprising him of the meeting between the two.
