The plans would lead to 460% more coal production, 83% more gas, and 29% more oil in 2030 than it was possible to burn if global temperature rise was to be kept to the internationally agreed
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Advt The trends of coal consumption and production this year indicate that the dirty fuel is here to stay despite the nation's ambitious target of meeting 50 per cent of energy requirements from renewable energy and nonfossil fuel capacity of 500 GW by 2030.
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India's coal consumption has doubled since 2007 at an annual growth rate of 6 per cent and the International Energy Agency (IEA) estimates that the largest increase in the fuel's demand globally this year was from India (7 per cent or an addition of 70 million tonnes). This on top of a 14 per cent rebound in 2021, and 1,033 million tonnes consumption in 2022.
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India spent over Rs lakh crore on coal imports in the past year, causing a significant outflow of foreign exchange. While the share of coal imports in total consumption has decreased from 26% to 21% in the last five years, the country still imports over 200 million tonnes of coal annually. 19 Oct, 2023, 08:23 PM IST.
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India Business News: KOLKATA: Coal India (CIL), the Maharatna coal company, has relaxed norms of 'minespecific coal supply' policy, which would ease availability of coal .
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The minimum per annum requirement of the consumer has been downsized to a quarter from 1 million tonne of coal to million tonne
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The country's coal production is expected to record a "sizeable leap" in 2022 with increased output mainly from Coal India and captive mines, providing adequate firewall against any possible dry fuel shortages like the one witnessed in the latter half of this year. While coal supplies have stabilised in recent times, efforts are on to further improve the fuel dispatches and a top government ...
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New Delhi: The coal ministry will issue a directive to Coal India ( CIL) asking it to relax its norms under the provisions of fuel supply agreements (FSAs) to facilitate coal imports for power projects. The staterun miner will supply imported coal on a costplus basis along with an administrative charge to be decided by its board of directors.
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India looks to relax norms to pull global coal miners. Reuters. Last Updated 18 November 2019, 08:46 IST. ... a move that could end Coal India Ltd's nearmonopoly on the fuel. ...
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The state of 40mn people holds the largest coal reserves in India and the local economy relies on the fossil fuel. Odisha is also geographically unsuitable for solar farms due to its stormy ...
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The Insurance Regulatory and Development Authority of India (Irdai) has relaxed norms for 'surety bonds' to increase availability and expand the surety insurance market. The solvency requirement applicable for such products has been reduced to times from times and the 30% exposure limit on each contract underwritten by insurers has been removed.
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India's power generators and coal mines are being stretched to the limit to meet surging demand for power stemming from a fastgrowing economy and rapid electrification. Total electricity consumption increased by billion kilowatthours (kWh) (+12%) in January 2023 compared with January 2022, according to GridIndia's National Load Despatch Centre.
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Staterun Coal India Limited (CIL) on Friday said it has relaxed norms for supplying the fuel to its customers of nonregulated sector by extending "letter of credit" to them and allowing an ...
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In November, the coal ministry had launched the process for auction of 133 coal mines under sixth round of commercial auctions, of which 71 were new coal mines and 62 were rolled over from earlier ...
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Mining major Coal India Ltd is committed to meet the "elevated" demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on miner had hoped the demand would ease by December last year, but that did not happen, he said. "We are committed to catering to the coal needs of the power sector, be it domestic or those dependent on ...
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Govt looks to ease norms to attract global coal miners, industry sceptical ... for coal mining blocks before end2019, sources familiar with the matter told Reuters in August, a move that could end Coal India Ltd's nearmonopoly on the fuel. The auctions, to be aimed at paring back the nation's coal imports, are intended to attract global ...
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By PTI. NEW DELHI: The Ministry of Power on Friday said it has modified norms for pass through of higher cost of imported coal used by domestic thermal plants having power supply agreements with ...
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Most of the coal production in India comes from opencast mining, contributing over 83% of the total production. Coal India employs some 460,000 people and is one of the largest five companies in India." Coal India reports that its annual coal production has grown from 79 million tonnes in 1975 to million tonnes in .
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Mining major Coal India Ltd is committed to meet the elevated demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on Tuesday. The miner had hoped the demand would ease by December last year, but that did not happen, he said. We are committed to catering to the coal needs of the ...
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NEW DELHI, March 22 (Reuters) India's coal ministry will seek a relaxation of some environmental norms to help increase the country's overall coal production, coal minister Pralhad Joshi said on ...
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Competition Commission of India (CCI), which last year slapped a penalty of Rs 1, crore on Coal India for indulging in unfair business practices, today passed two fresh orders on different complaints. The two complaints, filed last year, pertain to anti competitive practices in an eauction scheme and fuel supply pacts, respectively.
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Benchmark Asian coal spot prices recently surged to a record as buyers across the region scrambled to find alternatives to Russian supply, further tightening the fuel's availability. Meanwhile ...
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Coal India Limited: Customers of nonregulated sector are large in numbers and blockage of working capital in coal movement through railways was, of late, found to have a bearing on their financial health, the miner said. X. We use cookies to ensure best experience for you.
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News Business India looks to relax norms to attract global coal miners, ... a move that could end Coal India Ltd's nearmonopoly on the fuel. The auctions, to be aimed at paring back the nation's coal imports, are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp. ...
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"The future of coal in India is bright.....we believe that there are technologies that are available which can help India extract coal far more sustainably, use it far more sustainably, combust it far more sustainably, and post combustion treatment to coal can reduce Co2 emissions by as much as 99 per cent," FutureCoal Board member Sunil ...
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The government has relaxed norms for blending of imported coal by power generation companies and allowed states and independent power producers to import the fuel as per requirements.
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United States: Despite electricity demand increasing in the United States, coalfired generation fell by almost 8% in 2022, reversing a 15% increase in 2021. The decrease in coal output was balanced by an increase in generation from natural gas and strong growth in renewables. As a result, coal's share of total global generation remained around ...
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Kolkata: Following pressure from the unions, Coal India has agreed to relax norms for the voluntary retirement scheme for women launched in March, extending the date for applications by six months and increasing the eligibility age to 55 from 50. Some other conditions of the scheme, which allows the sons of women workers who opt for voluntary retirement to be employed at the company, are also ...
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The Indian government wants to ramp up the country's coal production and consumption. In line with this goal, the union environment ministry has now made it easier for thermal power plants to change the source of coal from imported to domestic a procedure that so far involved seeking an amendment in the environment clearance that such plants already had.
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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