The comments assume significance as they follow criticism by eminent banker Deepak Parekh that impatience has begun creeping in among businessmen as nothing has changed on ground in the first nine months of the Narendra Modi-led government.
In less than a week, auctions of 11 blocks for the power sector have netted around Rs 60,000 crore. In all, 204 coal blocks will be auctioned in a phased manner, following the Supreme Court‘s order canceling the earlier allocations.
"The solar energy sector is facing fund shortage due to payment risk perceived by lenders... there is a case for according priority sector status to renewable energy sector," an official said.
The country's renewable energy sector is looking at attracting USD 200 billion in investments. The government aims to have 1,00,000 MW of installed solar power capacity by 2022 from the present around 3,000 MW. It is also looking at rooftop solar model.
GMR pipped Adani Power, Essar Power, Sesa Sterlite and others by bidding at Rs 478 per tonne to get the mine
The Performance Car of the Year Award went to the Jaguar F-Type Coupe and the Triumph Daytona 675-R was named the performance bike of the year.
The government aims to have 1,00,000 MW of installed solar power capacity by 2022 from the present around 3,000 MW. Goyal said the government is also looking at rooftop solar model.
JSPL had contested the change of end use of Utkal B1 and Gare Palma IV/6 from steel to power.
The government currently holds 89.65 percent stake in CIL. As per the minimum shareholding norms for listed companies, the government needs to lower its stake in the state-run behemoth to 75 percent.
The power and coal minister, who was here to attend the World Economic Forum (WEF) Annual Meeting, also said employees of Coal India have understood and appreciated the imperatives of the disinvestment proposal.
Goyal, who is also holding a number of bilateral meetings with business and government leaders from across the world on the sidelines of WEF summit, said that India is at the cusp of getting into another orbit in terms of renewable energy.
The 5-member panel includes Pratyush Sinha (ex-Central Vigilance Commissioner), Pramod Deo (ex-CERC Chairman) and R N Choubey, Special Secretary, Ministry of Power.
The government has issued at least eight Ordinances including one on raising the FDI limit in the insurance sector from 26 per cent to 49 per cent and e-auctioning of coal mines.
Nearly five lakh coal workers had gone on a strike yesterday after five major trade unions, including BJP-backed Bharatiya Mazdoor Sangh, gave a call for the biggest ever industrial action in four decades against what they called the attempts for "disinvestment in Coal India and denationalisation of coal mining".
Power, Coal and New & Renewable Energy Piyush Goyal had a marathon meeting with the labour unions at Coal India.
Nearly 5 lakh coal workers across the country joined a five-day strike on Tuesday. The strike is also likely to impact the fuel supply to thermal power plants.
The strike is likely to result in production loss of up to 1.5 million tonnes (MT) a day and may hit supplies to power plants which are already grappling with fuel shortages.
After the withdrawal of private players from the bidding process, the government will tomorrow decide whether to accept the sole bid of NTPC for proposed ultra mega power projects in Odisha and Tamil Nadu.
Boycotting a meeting convened by the government today, all major trade unions including BJP- backed BMS gave a go-ahead to coal workers across the country to launch a 5-day strike from Tuesday which may hit the power sector and cause a daily loss of up to Rs 150 crore.
The final report of the Advisory Group for Integrated Development of Power, Coal, and Renewable Energy for suggesting measures for enhancement of coal production in the short, medium and long term was presented to Power and Coal Minister Piyush Goyal.
Coal India has asked power firms to contact its supplying companies in case they need to import coal through them for the coming fiscal.
The government may not provide free power to coal producing states of Odisha, Jharkhand and Chhattisgarh on account of negative impact of industrial activity in these states.
The Coal Mines (Special Provisions) Bill, which replaces an ordinance, was brought in the wake of the Supreme Court order cancelling the allocation of 204 coal blocks on September 24 and resetting the agenda for their allocation.
Coal and Power Minister Piyush Goyal informed Lok Sabha that coal production has significantly increased in the last few months.
CIL has already installed 2.2 MW solar power projects in two of its subsidiaries i.e 2.00 MW in MCL (Mahanadi Coalfields Ltd) and 0.20 MW in Central Mine Planning & Design Institute Limited (CMPDI) to curb carbon emissions