Page 14 - Coal

Coal to be back again as gas becoming unaffordable: FM Nirmala Sitharaman

Given the global energy crisis, Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world has seen countries moving to coal. Austria has already said, and todaythey are going back to coal, Sitharaman told a group of reporters from India during an interaction on Saturday. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after its invasion of Ukraine. In late April, Russia cut off gas supplies to Bulgaria and Poland after they refused Moscow's demand to pay for the deliveries in rubles, Russia's currency. Also, apart from that many countries in the West are moving away from coal to generate electricity as it contributes to climate change and air pollution. Responding to a question on her

Exports up 4.8% to $35.45 billion days after initial data showed a dip

The World Trade Organization (WTO) has also painted a grim picture for the outlook of global trade next year amid fears of a recession

CIL will achieve 1 bn tonne coal production target by FY26: Pralhad Joshi

CIL will achieve 1 billion tonne coal production target by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, Union Minister Pralhad Joshi said on Wednesday. Coal India Ltd (CIL) accounts for over 80 per cent of the domestic coal output. "Due to COVID our earlier target has been postponed. We will fulfil our dream of one billion tonne and we will be aatmanirbhar in thermal coal...By 2025-26, Coal India will produce one billion tonne," Joshi said on the sidelines of a function here. CIL was earlier eying 1 billion tonne coal production by 2023-24. Replying to a question, he said as far as thermal power plants are concerned, there is an average coal stock of 24 million tonne and day-to-day stock of the fossil fuel is adding. "Our plan is to keep at least 40 million tonne of coal as far as March 31 is concerned," he said. Coal output by CIL in current financial year is expected to be 700 MT and there would be additional output of 200 MT from othe

Iron ore, coal transport push Sept Railway freight up 9.7% to 116 mn tonnes

FY23 auto freight grows 72% as automakers switch to rail

Gencos procure 5.8% of total order value from Coal India's import tenders

CoalMin confident that domestic supply will meet festive season's power demand

Xi Jinping over-promised about coal consumption in China, says report

China took a back seat from its declaration, at the Leaders' Summit on Climate in April last year where President Xi Jinping had stated that Beijing will control coal-fired power generation projects

India may boost coal power fleet 25% by 2030 amid rising energy demand

The world's third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there's a substantial drop in the cost of storing electricity

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Gas-starved Europe's revival of coal plants spells bad news for India

Coal consumers in India are taking evasive action to save their balance sheets

Indonesia's plan to shut coal plants over next 30 yrs struggles for support

The Southeast Asian country plans to eliminate 15 Gigawatt of coal-generation over that time, requiring more than $600 billion of capital support, said Erick Thohir

1,652 illegal coal transportation cases registered in Meghalaya: CM

Meghalaya Chief Minister Conrad K Sangma on Thursday said 1,652 cases related to illegal transportation of coal have been registered in the state. Of the 1,652 cases registered till August 31, chargesheets have been submitted in 1,354 cases and 472 people have been convicted, the chief minister said while replying to a call attention motion in the Meghalaya Assembly. He said as many as 109 cases have also been registered against illegal mining and extraction of coal, of which chargesheets have been submitted in 108 cases and 103 people have been convicted. The chief minister informed the House that drone surveillance has also been undertaken by the police to prevent illegal mining. About the recent accident at a coal mine in West Khasi Hills district in which two miners died and one person was injured, Sangma said one Hubert Sangma clandestinely operated the mine located in a remote area. The coal mine owner has been arrested and an investigation is on, he said. An ex-gratia of R

Top headlines: Indian forex reserves, Kharif rice production, and more

Foreign exchange reserves declining to government making first disbursement under PLI scheme, here are the top headlines of the day

India gives coal-fired plants extra 2 years to install emissions equipment

Indian cities have some of the world's most polluted air. Thermal utilities, which produce 75% of the country's power, account for some 80% of industrial emissions of sulphur- and nitrous-oxides

Coal production increases by 8.2% y-o-y in August to 58.33 mn tonnes

Coal output in India rose to 58.33 million tonnes in August 2022, up by 8.2% from the 53.88 million tonnes recorded in the corresponding period of last year

India's coal output remains below estimate at 58 MT in August: Govt data

India produced 58.33 million tonnes of coal in August, missing its target of 67.94 MT for the month, according to the government data. The coal production target for August was 67.94 million tonnes (MT), according to the government's monthly statistics (provisional). However, the production during last month increased by 8.27 per cent to 58.33 MT in August from 53.88 MT in the corresponding month of previous fiscal. Country's coal output in the first five months of the ongoing financial year increased to 324.39 MT as against 263.97 MT in the April-August period of the previous fiscal. The total despatch of coal also increased by 5.41 per cent to 63.43 MT in August over 60.18 MT in the year-ago month. Amid rising demand, the supply of coal to power utilities grew by 10.84 per cent to 54.09 MT during August compared to 48.80 MT in the same month last fiscal. The overall power generation last month was 3.14 per cent higher than that of August last fiscal. Coal-based power generatio

Govt plans to auction 17 non-operational mines surrendered by PSUs: Joshi

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel to different sectors. "Just the-day-before yesterday (Sunday) I got 17 blocks back and they are very good blocks and I am putting them for auction now," Joshi said. Speaking during a conference on the Indian minerals and metals industry organised by NMDC and FICCI, the minister said many PSUs in the country in sectors like coal were sitting on big mines. The government decided to take away all those mines from the public sector undertakings which do not get into operation even after the lapse of five to six years and put them on sale. "I talked to the chief ministers and ministers of a few states and asked them the reasons for sitting on mines. These

India buys discounted Venezuelan petroleum coke to replace coal: Report

India's growing appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries

Indian Railways conducts test run of its longest freight train

The Railways conducted a test run of the 3.5-km-long freight train, Super Vasuki, with 295 loaded wagons carrying over 27,000 tonnes of coal between Korba in Chhattisgarh and Rajnandgao in Nagpur

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

Centre revokes mandatory coal import target after many flip-flops

NTPC and Coal India had awarded import contracts to Adani