Surprisingly, its coal more than oil that is emerging as a huge pressure point
The Indonesian company quoted Rs 4,331 crore for the eastern coast tender and Rs 4,497 crore for the west coast.
A total of 11 importers and some overseas traders had shown interest in the tender during the pre-bid meeting
Apart from Adani, the other two names disclosed by CIL from its pre-bid meetings were contenders in the NTPC tender as well.
State discoms remain financially stressed and are against imports, while domestic coal availability is under pressure
According to industry experts, the government is making all efforts to build up stock of coal to avoid the reoccurrence of power outrages which happened in April
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CIL to import coal for states; working capital pressure worries IPPs
Power plants constructed had asked the power ministry for pass through of the cost they are incurring due to costlier imported coal cost to the consumers
The power ministry said lower imports were putting pressure on domestic coal supply and resulting in depletion of fuel inventories of power plants
China's coal imports from Russia nearly doubled between March and April, reaching 4.42 million metric tons, media reports said.
The government measures to ease power supply constraints through higher coal imports are likely to increase cost of supply for discoms by 4.5-5.0 per cent in 2022-23, Icra said on Tuesday. On May 5, Ministry of Power (MoP) issued a directive under Section 11 of the Electricity Act, stating that all imported coal-based power plants shall operate and generate power at their full capacity to meet the growing demand, Icra stated. As per this directive, all states and power generating companies (gencos) based on domestic coal will have to import at least 10 per cent of their fuel requirement for blending with domestic coal and meet the growing demand for electricity. This directive by the ministry is valid till October 31, 2022. As the present power purchase agreements (PPAs) do not provide for a pass-through of the fuel cost for these projects, the tariff for supply from these plants under PPAs shall be worked out by a committee with representatives from the MoP, Central Electricity ..
The ministry of power has asked government and private sector utilities to import 19 million tonnes of coal by the end of June
The decision to boost imports underscores the severity of India's fuel crisis as coal inventories are at the lowest pre-summer levels in at least nine years
A utility owned by India's richest state Maharashtra is reviewing the "cost reasonability and financial viability" of the bids received for a two million tonne coal import tender
The government said the country's dependence on imports to meet thermal coal demand has sharply reduced and stressed that in the next financial year
China 2021 coal imports at 323.22 mn Tonne highest since 2013
Nearly three-fifths of India's coal-fired capacities currently have coal inventories that would last three days or less, federal power ministry data shows.
A power crunch across China has rippled from factory floors to homes, crimping growth forecasts for the world's second-largest economy
More than half of China's mainland provinces are limiting electricity use, forcing factory shutdowns that are reverberating through global supply chains.