Germany is already phasing out nuclear power and the government envisions greater reliance on renewable energy as well as hydrogen and natural gas in the future
While benefits in supply and pricing are likely to accrue to the consumer with the activation of energy exchanges, certain grey areas need to be addressed
The Prime Minister also highlighted that India does not export coal but is the world's second-largest coal-importer
In the latest announcement, the government's focus was on structural reform in sectors such as coal, minerals, aviation, defence, aerospace, power, and social infrastructure
With the abundant inventory within India, there's a clear a need to reduce imports, especially thermal coal, imports of which were around 200 million tonnes last fiscal
Once operational, the coal block will save power costs by 10-15%, get company closer to its avowed aluminium Cost of Production of $1,500 per tonne
India imported 51.33 million tonnes of coking coal in 2019, down from 51.63 million tonnes in 2018, the data showed
The case was recommended for a CBI probe by Assam Chief Minister Sarbananda Sonowal in 2018
Imports of coking and other coal recorded a rise of 1.10 per cent at 47.08 MT during the period
Joshi said India stood fifth in terms of coal reserves and the Centre was working towards achieving self-sufficiency in coal production
India must find its own sources of funding
Centre can go for auction of 100 fully explored blocks, said Joshi
The matter dates back to 2010, when Andhra Pradesh Power Generation Corporation had floated a tender for the supply of 600,000 metric tonnes of coal
The Union Cabinet had recently approved the amendments which intend to open up new areas of growth in the coal and mining sector, an official statement said
India had a phased plan for plants to comply with emission norms with some plants given until end-December 2019, while others had till the end of 2022
The coal block was allotted in 2009, to Karanpura Energy Ltd -- an SPV of erstwhile Jharkhand State Electricity Board
Coal remains a major source of power across Southeast Asia, where breakneck economic development has spurred soaring energy demands -- but at a cost to the environment
Overdependence on Australia for coking coal for its steel plants makes it vulnerable to supply chain disruptions and diminishes its capacity to negotiate on prices
Karnataka, Rajasthan, Tamil Nadu are states with the highest RE (renewable energy) potential in the country
The report released by environmental groups on Thursday cites more than 1,000 new coal power stations or units in the pipeline