"As far as India is concerned, ideally we do not wish to import any coal from anywhere in the world. We have sufficient coal capacity," Union Coal and Power Minister Piyush Goyal said at a press conference.
For financial year 2016-17, CIL's offtake target was 598.61 MT, Minister of Coal, Power, Renewable Energy and Mines, Piyush Goyal said in a written reply to Rajya Sabha on April 3.
The coal ministry will very soon seek Cabinet approval for a proposed policy that will ensure surplus availability of coal for power plants across the country, a top official said today.
Firms can submit their expression of interest to set up cement plant, cement clinker griding unit, cement blending unit or allied products manufacturing unit in or adjacent to NTPC power plants on 'build, own and operate' or joint venture mode, the state-run power producer said in a notice.
State-owned NTPC has decided to shut down old polluting power plants of capacity totalling roughly 11 GW and replace those with new ones which are highly efficient, Power Minister Piyush Goyal told the Rajya Sabha today.
Earlier last year, the government had launched gas subsidy scheme under the Power System Development Fund (PSDF) to run stranded gas-based power plants is the country.
The plants, located in four provinces, produce about 10 percent of Canada's total CO2 emissions, and closing them will remove the equivalent in emissions of 1.3 million cars from roads, or five megatons of greenhouse gas emissions, she told a press conference.
The drop in coal stock is mainly due to increase in coal-based generation by 6.8 per cent during April-September 2016 period, as compared to the same period last year.
"According to a study conducted under the Sagarmala programme, there lies a significant potential for moving raw materials and finished products using coastal shipping and inland waterways which is 60-80 percent cheaper than road or rail transport," the Shipping Ministry said.
The Road Transport, Highways and Shipping Minister was addressing the 17th Regulators and Policymakers Retreat organised by The Independent Power Producers Association of India in South Goa.
"The higher prices of seaborne coal prompted power plants to increase the use of domestic coal, causing 1H16 imports to drop 13.1 percent y-o-y," the ratings agency said.
The auction for supplying 9.93 mmscmd gas for a six-month period till March, 2017 was conducted on Saturday by the Ministry under Power System Development Fund (PSDF), an initiative to revive the stranded gas based power plants.
The development comes in the backdrop of a sharp decline in demand for coal as well as with an inventory of over 80 million tonnes (MT) of the fuel at the pitheads and power plants.
The trade unions will go on a nation-wide stir on September 2 to press for their various demands.
"It is clear that India needs an aggressive shift to clean energy now. There should be no delay in implementing the thermal power plant emission standards and halting the expansion of coal-based power," said Sunil Dahiya, Campaigner, Climate and Energy, Greenpeace India.
At present, the company's combined Chlor Alkali production capacity at its Bharuch and Kota plants is about 780 tonnes per day (TPD) and power capacity is about 188 mw.
Piyush Goyal's Power Ministry is one of the standout performers in the Narendra Modi government's tenure so far.
Government's directive to use recycled sewage water by power plants will call for an investment of up to Rs 32,000 crore to meet the requirement of 80 GW capacities of state and central utilities.
Striking an optimistic note, Goyal also projected that the country's growth rate will be in double digits by next year if not in this fiscal (2016-17), the caveat being that India needs a strong monsoon.
CR Prasad, Former CMD of GAIL points out that three new LNG plants are under construction on the eastern coast.
This is the third reverse e-auction for subsidy support for buying 10 million standard cubic meters per day of gas will be held on March 15 and 16.
The company seeks to acquire projects with generation capacity of around 400 MW. It plans to buy thermal power plants through its subsidiary India Power Corp (IPCL)
Increased output by Coal India has resulted in savings of about Rs 17,000 crore and the state-run miner is set for a record production of 550 million tonnes (MT) this fiscal, a top official said.
The rake availability for Coal India has improved substantially from an average of 185 last year to over 200 now, said Coal Secretary Anil Swarup.
Including the two projects â€” Ennore power project and Manuguru sub-critical power project in Telangana, 32 percent of BHEL's order book is represented by stranded/slow moving projects, the report states