Coal Power Sector

Adani Power reports 96% decline in profits, cites high coal import costs

Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses. In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing. Total expenses increased to Rs 8,078.31 crore in the quarter from Rs 5,389.24 crore. Total income rose to Rs 8,290.21 crore from Rs 5,593.58 crore in the same period a year ago. During the quarter, the company and its subsidiaries achieved an average Plant Load Factor (PLF or capacity utilisation) of 42.1 per cent and power sale volume of 11.8 Billion Units (BU), as compared to PLF of 41 per cent and power sale volume of 10.6 BU in Q3 FY22. Operating performance for Q3 FY23 includes the performance of the 1,200 MW power plant of Mahan Energen Ltd, which was acquired in March 2022. Operating performance during the quarter under review was constrained mainly due to high prices of imported coal and insufficient domestic fuel ...

Mahanadi Coalfields Ltd to set up Rs 12,000 cr power plant in Odisha

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, is looking to diversify into power generation, and plans to set up a Rs 12,000 crore power plant in Odisha

India still a long way from cutting its dependence on coal-fired plants

India is the world's second-largest coal-producing nation (770 million tonnes per annum) and coal accounts for 50 per cent of the 407.79 Gw of electricity generation in the country

Coal India powers productivity spurt, but can it sustain the pace?

The furious pace of production has helped prevent the blackouts of last year but there are questions over whether the state-owned miner can sustain the pace

CIL dispatches over 152 MT of coal to power sector in Q1: Govt tells LS

State-owned CIL dispatched 152.49 million tonnes (MT) of coal to the power sector during April-June 2022, a year-on-year rise of 19 per cent, Parliament was informed on Wednesday. Coal India Limited (CIL) is the largest producer and supplier of the dry fuel in the country. "CIL has dispatched 152.49 MT of coal to Power Sector in the first quarter of the current fiscal surpassing all the previous highs of the same period and achieving a growth of 19 per cent over last year in the same period," Coal Minister Pralhad Joshi said in a reply in the Lok Sabha. At 14.43 MT, Singareni Collieries Company Limited (SCCL) dispatched 4.1 per cent higher coal to the power sector in the first quarter of the current fiscal. As per Central Electricity Authority (CEA), coal stock at power plants has improved from the level of 25.6 MT as on March 31, 2022 to 29.5 MT on July 26, 2022. According to the minister, in the financial year ended March 31, 2022, India's non coking coal output was at 726.488 M

Vedanta to buy Athena Chhattisgarh Power for Rs 564 crore

Vedanta Ltd on Thursday said it will acquire debt-ridden Athena Chhattisgarh Power Ltd for Rs 564.67 crore. Liquidation process for the company was initiated in March last year. The acquisition for a purchase price of Rs 564.67 crore is likely to be completed in the ongoing financial year, adding that the consideration will be in the form of cash. "Vedanta Limited to acquire 100 per cent of the paid-up capital of Athena Chhattisgarh Power Ltd," the metals and mining major said in a filing to BSE. The acquisition will fulfill the power requirement for Vedanta aluminium business and through vertical integration, add synergies by providing a cost advantage pertaining to power consumption. Athena Chhattisgarh Power Ltd has a 1,200 MW coal-based power plant located at Jhanjgir Champa district in Chhattisgarh. Athena was admitted under Corporate Insolvency Resolution Process on May 15, 2019. On May 13 last year, a bench of NCLT Hyderabad directed initiation of the liquidation process

Coal shortage hurting non-power sectors still year after supply shift

In the past one year, the non-power sector has seen coal dispatch fall by 33 per cent

CIL's supply to power sector up 16% in Apr; to augment dispatches further

On an average, the PSU supplied 1.66 MT of coal per day to power utilities in April which increased to 1.73 MT during last week

What can India do to address its perennial power shortage?

The summer here and tonnes of coal are burnt in power plants to keep homes and offices cold. But most plants are grappling with a coal shortage and hinted at a power crisis. What's the situation now?

India must clean up coal-reliant power sector to reach net-zero emissions

Indian Prime Minister Narendra Modi delighted delegates at the COP26 climate summit with his announcement that the third-biggest emitter would reach net-zero by 2070.

Coal supply debate heats up ahead of festival season power demand

Since September 1, the number of power plants with less than eight days of coal has increased to 104, from 79

India's coal-dominated power market is tilting toward solar

NTPC's move also raises questions about the future of the nation's coal fleet

IEA says India's solar energy output to match coal-fired power by 2040

Coal currently dominates India's electricity sector, accounting for over 70% of overall generation with only about 4% produced through solar

Battery storage cheaper than new coal power plants in TN: Analysis finds

Renewable energy along with battery storage in Tamil Nadu is cost competitive with new coal power plants, the analysis has found

Coal power plant capacity falls in India, Paris Agreement goal still far

The decline is attributed to cheaper renewable energy resources and increasing public resistance towards polluting sources

India's coal power usage set to shrink for the first time in 14 years

Coal generation fell for a fourth month in November, the longest such streak in government data going back to 2005.

Delhi HC asks for original files of CBI probe in coal import over-pricing

PIL seeks court-monitored probe into 'artificial over-invoicing' of coal imported by power generations firms

Power firms cheer Gujarat's tariff hike proposal, but many hurdles remain

Regulatory approval and nod from other states & consumer forums pending

Relief for Tata, Adani, Essar: Guj allows pass-through of higher coal cost

This relief will help Coastal Gujarat Power to continue its operations to meet its obligations to all the five beneficiary states, says Tata Power

Power companies seek billions in govt funds or tariff hike to cut emissions

Power companies are seeking an extension of the Dec deadline to meet the new pollution standards