Page 9 - Coal Sector
Power sector's coal conundrum: How flawed reforms make imports inevitable
India has the world's fifth largest coal reserves at 60.6 billion tonnes, but just one, monopoly supplier: Coal India Ltd (CIL), the world's largest coal-producing company
 "Power sector's coal conundrum: How flawed reforms make imports inevitable")
Coal companies go slow on spending, 52% of targeted expenditure met
Three state run coal companies- Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and NLC Ltd (formerly Neyveli Lignite Corporation) have spent only 52 per cent of their targeted expenditure till May this year. At the end of May, the combined target for spending is Rs 1757.91 crore of which only Rs 917.69 crore has been spent by the three coal PSUs.Data by the Ministry of Coal shows the total Plan outlay for CIL, SCCL and NLC for this fiscal is pegged at Rs 19048.12 crore. NLC has the biggest outlay of Rs 8948.12 crore followed by CIL (Rs 8500 crore) and SCCL (Rs 1600 crore). On coal production, both CIL and SCCL fell short of their assigned targets in the April-May period. CIL produced 79. 2 million tonnes (Mt) of coal by May end against its target of 91.7 mt. SCCL fared better though its production at 9.5 mt in the same period was less than the targeted 10.5 mt.Overall coal despatches by both CIL and SCCL showed improvement over the previous fiscal. CIL's coal despatch .
 "Coal companies go slow on spending, 52% of targeted expenditure met")
Asia thermal coal sector to remain under pressure next year: Fitch
Supply-demand dynamics remain on soft ground, as China eliminated only 152 million tonnes (MT) of excess capacity in 8M16
 "Asia thermal coal sector to remain under pressure next year: Fitch")
Emission, not coal, is the problem: World Coal Association
In this Q&A, Benjamin Sporton, Chief Executive, World Coal Association calls for investing in low-emission technology instead of trying to stay away from coal
