There cannot be a one-size-fits-all approach in resolving all power stress. There is need for tailor-made solution for each standard asset, said Anil Sardana, MD, Tata Power.
The coal ministry will soon seek the Cabinet's approval for the auction of coal linkages for the power sector.
Standing Linkage Committee (Long-Term) for coal linkages clarified that "the MoU for coal supply (to GVK Power Goindwal Sahib plant) was valid till June 30, 2016 and this would not be extended. The project proponent (PP) was advised to obtain coal through special forward e-auction route," a coal ministry official said.
Government is planning to offer private companies the flexibility to use domestic coal to bring down cost of electricity generation in the next 3-4 months, Power Minister Piyush Goyal said on June 28
Public sector power generator NTPC has made a saving of Rs 446 crore in energy bill in April this year despite recent increase in Clean Energy Cess on coal
DP Deshpande, Managing Director of Tata Sponge, said that coal linkages secures the company for the next five years at 24,000 tonnes per year.
State-run miner Coal India on June 10 said that auction of coal linkages for the sponge iron sector has started
The auction of coal linkages for sponge iron industry has been deferred and bidding for the sector will now be held next week
Coal & Power Minister Piyush Goyal says the ministry has been been able to kick-start a lot of stalled power projects over the last 2 years resulting in nearly 46,000 megawatt of additional power capacity coming on board.
"Coal India Ltd (CIL) would be organising interactive sessions with stakeholers at multiple locations across the country to explain different features of the auction process," a Coal India official said.
Last month, the Cabinet Committee on Economic Affairs had approved allocation of coal linkages for non-regulated sector only through auction.
"Cabinet Committee on Economic Affairs has approved allocation of coal linkages for non-regulated sector only through auction," Power and Coal Minister Piyush Goyal told the media after the CCEA meeting.
Power and Coal Minister Piyush Goyal had said in September that the Power Ministry is at the final stage of framing the new tariff policy, which will soon be placed before the Cabinet for approval.
Under the current tapering linkage policy, 75 percent of the normative quantity is supplied to the end-use plant in the first year; 50 percent, in the second year and 25 percent in the third year. No supplies are allowed after the third year.
The coal ministry is to set up a committee to address many issues, including coal linkages for captive coal blocks.
Punjab has sought coal linkages from the Centre for its upcoming thermal plants. A delegation comprising Punjab Chief Secretary Rakesh Singh, Secretary Power Anirudh Tiwari and Punjab State Power Corporation CMD K D Chaudhry met Coal Secretary Alok Perti on Tuesday in this regard.
Chairman and managing director of NTPC Arup Roy Choudhury today said that they plan to cut capacities to 14,000 megawatt by 2017 due to the shortage of coal.
The coal ministry today made it clear that it would not be able to provide coal to thermal power projects that are expected to be set up in the next five years. Coal Minister Sriprakash Jaiswal said that some projects require coal linkages and hence, the ministry would not be in a position to provide coal linkages to power projects.
Uncertainty over fuel supplies for thermal power projects as well as poor financial health of distribution utilities are among major risks faced by the fast growing Indian power sector, says global consultancy Deloitte.
Decisions on over 100 proposals for coal linkages from industries like power and sponge iron in the first seven months of the current year are still pending, Parliament was informed today.
In an interview with CNBC-TV18, Ravi Sharma, CEO of the company says CIL's inability to supply to demands and coal pricing are the major hinderances to quick decision-making.
Power projects of 80,000 MW generation capacity are under construction in the country, with targeted commissioning by 2017. The government, however, has warned that coal linkages for plants with a combined capacity of 40,000 MW are yet to be obtained.
B Prasadrao, the CMD of BHEL, in an interview on CNBC-TV18 spoke about the fairly decent numbers that the company announced in the fourth quarter.