The Coal Ministry announced that it has agreed to consider applications of power plants seeking long-term coal linkage due to enhancement in electricity-generating capacity, and has announced guidelines on this saying that the companies would have to pay an additional fee. For full story, click here
The coal ministry has appeared to have short-changed Jindal Steel and Power Ltd, promoted by Congress parliamentarian Naveen Jindal. The steel-to-power conglomerate has asked the government to redraw a coal acreage given to it, the total area slips far short of what the Centre had promised. For full story, click here
Indicating the Government’s will to go ahead with disinvestment, the Coal Ministry is working on a plan to disinvest 5-10 per cent stake in state-run Navratna company Coal India Ltd. This could pave the way for listing of the country’s leading producer of dry fuel. Minister of State for Coal, Shriprakash Jaiswal, stated: I have [...]
The coal ministry declared that it is not averse to offloading part of the government’s stake in Coal India Ltd if there was a need to do so but will first have to amend the Coal Mines Nationalisation Act. For full story, click here
Coal India Ltd, the world’s leading coal producer, has recommended the Ministry of Environment and Forest to expedite environmental clearances to both public sector and private sector coal mining companies. The recommendation was made in the light of power sector reforms the government is presently pursuing. Partha S Bhattacharyya, chairman of CIL, stated: There would [...]
The Power Ministry declared that it has enhanced the coal imports target of electricity generation units by about 15% to 28.7 million tonnes in 2009-10 to ensure that the utilities do not reel under any dry fuel shortage. For full story, click here
Minister of state for coal Santosh Bagrodia was quoted as saying: There is no coal shortage in the country. I will take up the issue with Power Minister Sushil Kumar Shinde. We have repeatedly made it clear that power plants should have a coal stock position of 21 days, but none have got that stock, [...]
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