User: anshuman Topic: Energy
Category: Coal
Last updated: Feb 22 2018 22:07 IST RSS 2.0
 
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Reliance Infrastructure wins EPC contract worth Rs 3647 crore 22.2.2018 General News
From TANGEDCO
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3 major state PSUs incurred loss of Rs 981 cr in 2016-17: CAG 22.2.2018 General News
Three major public sector units, including Karnataka Neeravari Nigam Limited, incurred loss of Rs 981 crore to the state exchequer during 2016-17, according to a Comptroller and Auditor General report. The report, which was made public today, said the working state PSUs earned a profit of Rs 1,420.49 crore in the aggregate and incurred a loss of Rs 1,265.37 crore as per their latest finalised accounts at the end of September 2017. The Karnataka Rural Infrastructure Development Corporation Limited made a profit of Rs 109.88 crore. As per the report, the major loss making units were Karnataka Neeravari (irrigation) Nigam Limited under the Water Resources Department (Rs 476.88 crore), Hubli Electricity Supply Company Limited (Rs 372.73 crore) and Gulbarga Electricity Supply Company Limited (Rs 131.25 crore). In an example citing the reason for the losses, the audit report said the water resources department had introduced an incentive clause for contractors completing the ..
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DERC for tariff rationalisation, choice for consumers 22.2.2018 General News
Aiming to increase competition in the electricity supply market and give consumers an option to choose their power supplier, the Delhi Electricity Regulatory Commission (DERC) has come out with an approach paper. The commission has placed the approach paper in public domain and sought suggestions from stakeholders on its content. Presently the consumers can not choose their power supplier. Promoting competition will mean consumers would have the option to choose a supplier and new players would enter the market, the paper says. The objective of the approach paper is to examine the existing regulatory framework in electricity retail tariff and develop a strategy for creating competition in this market within the present legal framework of the Electricity Act, 2003. The approach paper also calls for "...creating a level playing field for the existing distribution licensees and the new incumbent players, who want to participate in retail supply of electricity." The tariff ...
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Coal Sector Denationalized 22.2.2018 Central Chronicle » Editorial
In the year 1973 Prime Minister Mrs.Indira Gandhi in a well guarded secret move nationalized... more »
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Train shortage, power demand to drive resurgence in India's coal imports 22.2.2018 General News
BAMBOLIM, India (Reuters) - Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said, in what would be a setback to the government's plans to cut the country's dependence on foreign supplies.
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China denies holding talks with Baloch militants to protect CPEC 22.2.2018 General News
China today refuted a report that it is secretly holding talks with Baloch militants in Pakistan for more than five years to protect its USD 60 billion CPEC, and hoped that Pakistan will step up security for the ambitious project. "I have never heard the report mentioned by you," Chinese Foreign Ministry spokesman Geng Shuang said at a media briefing, when asked about the report by British newspaper Financial Times. Quoting three officials, the daily said China had been in direct contact with militants in the south-western province, where many of the scheme's most important projects are located. The 3,000-km-long CPEC is aimed at connecting China and Pakistan with rail, road, pipelines and optical cable fiber network. It connects China's Xinjiang province with Pakistan's Gwadar port in the volatile Balochistan where Baloch nationalists have staged a number of attacks. Pakistan military has raised a special force to protect thousands of Chinese nationals working on different ...
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Train shortage, power demand to drive resurgence in India's coal imports 22.2.2018 Reuters: Top News
BAMBOLIM, India (Reuters) - Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said, in what would be a setback to the government's plans to cut the country's dependence on foreign ...
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RInfra bags Rs 36.4 billion contract for thermal power plant in TN 22.2.2018 Business Standard: News Now
Reliance Infrastructure (RInfra) today said it has won a Rs 3,647 crore contract from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for work related to Uppur Thermal power project. "RInfra has won a prestigious engineering, procurement and construction (EPC) contract for Rs 3,647 crore from TANGEDCO for balance of plant (BoP) package and allied civil works for 2 x 800 MW supercritical coal-based Uppur Thermal Power Project at Ramanathapuram District in Tamil Nadu," RInfra said in a statement. The contract entails design, engineering, supply, erection, testing and commissioning of BoP package and allied civil works on EPC basis. The project is to be commissioned in 36 months. The infrastructure major said its EPC division has won the contract in international competitive bidding amidst competition from leading EPC players like BHEL, L&T, Tata Projects and BGR. With this contract, Reliance Infrastructure Limited's EPC order book now stands at over Rs 15,000 ..
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Reliance Infrastructure bags Rs 3,647 crore contract for Uppur Thermal Power Project 22.2.2018 All News-IANS Stories
Reliance Infrastructure Limited has won an engineering, procurement and construction (EPC) contract of Rs 3,647 crore from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for balance of plant (BoP) package and allied civil works for a 2 x 800 MW supercritical coal-based Uppur Thermal Power Project in Ramanathapuram district of the state, a company statement said here on Thursday.
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Focus: How General Electric gambled on fossil fuel power, and lost 22.2.2018 Reuters: Money News
NEW YORK (Reuters) - Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue and profit would ...
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Focus: How General Electric gambled on fossil fuel power, and lost 22.2.2018 General News
NEW YORK (Reuters) - Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue and profit would rise.
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SCCL unfazed by Centre’s new policy 22.2.2018 Hindu: National
Proximity is to advantage of State-owned PSU
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AITUC, CITU condemn govt decision to allow commercial coal mining by pvt firms 21.2.2018 General News
Central trade unions AITUC and CITU have strongly opposed the government decision to allow commercial coal mining by private firms. The Centre of Indian Trade Unions (CITU) vehemently condemns the decision of the Cabinet Committee on Economic Affairs (CCEA) to open the coal mining sector for commercial mining by private and foreign corporate that too without any restriction on pricing and end-use, a CITU statement said. It said that so long private sector was allowed to mine coal only for captive use in power, cement and steel industry and debarred from selling the coal in market. The union said that such a retrograde decision by the Centre is nothing but a total reversal of the four decade long policy of nationalised coal mining which contributed immensely to industrial development as well as expansion of the power generation capacity in the country, it said. Such opening up of coal mining sector for unhindered exploitation by private and foreign corporate without any restriction on .
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Despite liberalisation, power demand to sustain Coal India's dominance 21.2.2018 Latest News
Despite opening up of the coal sector to private miners, Coal India's dominance in the field is expected to remain firm as the power sector will continue to bank heavily upon this state-owned coal monolith.Coal India officials said that the company has a mandate to supply atleast 75 per cent of the produce to the power sector and the rest can be offered to others like cement and steel; however, the private miners are most likely to be exempted from the clause."The reform states that private miners can sell or utilise coal in any manner they like. Thus, compared to us, the power sector is not a mandated priority for them. Being liberalised, they are at will to sell coal where they will find the best price discovery", a senior Coal India official said.With Coal India currently routing its supplies majorly to the power sector, the cement and steel plants are bearing the brunt of coal and railway rake shortage.Also, a second Coal India official opined that private companies will be more ..
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BHEL gets Rs 10.34-bn order from HPCL for its Visakhapatnam refinery 21.2.2018 News
BHEL said this captive power plant is being set up to meet the power and steam required by HPCL
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Privatising coal sector will undermine energy security: CPM 21.2.2018 General News
Criticising the Cabinet decision to privatise coal mining sector, the CPI(M) today alleged that it is a part of the neo-liberal economic policies of the government which will undermine the energy security of the country. In a statement, the Left party said such policies will also compromise the safety of workers, and demanded that the government rescind its decision. "This is part of the aggressive pursuit of neo-liberal economic policies by the Narendra Modi government. This decision of the Modi government to privatise the coal mining sector while undermining the energy security of the country will compromise with the safety and security of workers engaged in coal mines. "Trade unions and the Left parties have been consistently voicing their opposition to this dangerous move," the statement says. The party has called upon all democratic sections of the people to oppose this move. The government yesterday approved opening up of coal mining to the private sector for commercial use, a ..
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FY19 Outlook: PLFs Unlikely to Fall Further, Visible Improvements in Discoms' Health 21.2.2018 General News
The stable-to-negative outlook continues to reflect Ind-Ra's expectation of a continued low plant load factor (PLF) of 60%-62% over FY19 for coal-based thermal power plants, because of large capacity additions in the past five years. However, the central government-owned utilities are positioned more favourably than private developers, given their ability to better manage counterparty, fuel and off-take risks.
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Coal India to Feel the Heat as Modi Government Throws Open the Doors for Commercial Mining 21.2.2018 The Wire

Will CIL sink like BSNL and MTNL or rise to the occasion? And what will it mean for its bulging employee base?

The post Coal India to Feel the Heat as Modi Government Throws Open the Doors for Commercial Mining appeared first on The Wire.

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Coal mining by private firms: Labour unions oppose Cabinet decision 21.2.2018 News
The trade union leaders apprehend that the move would gradually ruin state-run Coal India as private players would not do mining ethically
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Gujarat Budget 2018: Money is where votes are 21.2.2018 DNA: Urban Tales
Provision of Rs 843 cr for assistance under Industrial Policy 2015   1,000 ‘Plug and Produce’ multi-storied sheds with common infra to be constructed on demand basis   Rs 850 crore for providing incentives under Textile Policy, Garments and Apparel Policy, Defence and Aerospace Policy, etc   Provision of Rs 250 crore for undertaking industrial infra development works under Gujarat Investment Promotion Programme in three years with support from JICA   Rs 50 crore provison to initiate ‘Start-up Fund’ for MSME ENERGY & PETROCHEMICALS Projects worth Rs 2,757 crore to strengthen power transmission network   Rs 1,921 crore to provide 1.22 lakh new agricultural power connections   Rs 320 crore to strengthen power infrastructure   Rs 220 crore provision for works of coal and solar based power generation   Rs 10 crore to promote usage of electric vehicles WATER RESOURCES, WATER SUPPLY AND KALPASAR Rs 857 crore for irrigation in hilly and tribal areas.   Provision of Rs 1,765 crore for undertaking works of 12 ...
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