Page 4 - Coal

'Greening' of coal: A peek into India's evolving stance towards emission

The war in Ukraine has forced India to review its plans to scale back the fuel in the overall energy mix

India's dependence on coal increases despite its green energy push

FM Sitharaman even said that India's plan to shift to renewable energy has received a jolt and therefore ways to reduce coal dependency and return to eco-friendly energy resources, need to be devised

India says will need coal until 2040 and beyond, says Pralhad Joshi

Addressing a parliamentary committee, minister in charge of coal Pralhad Joshi said the fuel was an affordable source of energy and demand for it had yet to peak in India

How govt's tight control is slicing away Coal India's creamy layers

Larger shares of the state-owned miner's production are sold significantly below global benchmark prices, deterring global investors from participating in divestment plans

Thermal coal imports grow at slowest pace in 5 months in Oct, shows data

The share of South African thermal coal imports rose to the highest levels in recent months as sponge iron makers switched back amid Russian blend concerns, Coalmint said in a report this week

Coal demand yet to peak in India, dry fuel still plays a key role: Joshi

The Centre on Wednesday said that the demand for coal in India is still to reach its peak and the dry fuel will continue to play a key role in the energy mix till 2040 and beyond. Therefore, shift from coal will not happen in foreseeable future in the country, according to coal minister Pralhad Joshi. Joshi in his opening remarks, while chairing a meeting of Parliamentary Consultative Committee of the coal ministry, said that there is a push towards energy transition away from coal in the global world. "However, for India, coal, being an affordable source of energy, holds prime importance for meeting its energy needs being fuelled by rising economy," he said. Coal accounts for more than 51 per cent of India's primary energy requirement and around 73 per cent of power generation. During the meeting it was also informed by the coal ministry that although there are no immediate challenges of coal phase down, companies involved in coal mining will have to manage the closure of already

Coal pensioners to agitate for dearness relief in pay, pension body revamp

Retired Employees Association says nearly 270,000 pensioners are getting less than Rs 2,000 a month as pension

Instead of phasing down coal the world is burning it more than ever

Outside of China and India, plans for new production capacity are limited. Along with expectations that gas will remain costly after Russia's invasion of Ukraine,

Germany hails 1st delivery of 'green' hydrogen from UAE, to replace coal

Germany took formal delivery Friday of its first, modest, batch of hydrogen from the United Arab Emirates, a "green" fuel it hopes will help replace coal and gas used by energy-intensive industries in future. Germany is scrambling to substitutenatural gas imports from Russia while also staying on track for its ambitious goal of cutting greenhouse gas emissions to net zero by 2025. One alternative is energy-rich hydrogen gas, provided it is made with the help of renewable energy. Since hydrogen is difficult to transport it is sometimes stored as liquid ammonia. The delivery in Hamburg was modest: just a single container with 13 metric tons of ammonia. Still, it was symbolic enough for German Economy Minister Robert Habeck to hold a joint ceremony with the UAE's climate envoy, Sultan Ahmed Al Jaber, and the CEO of German metals manufacturer Aurubis, which is testing the fuel to make copper wire.

Coal import to be stopped by 2024, says Pralhad Joshi

Coal minister Pralhad Joshi on Thursday said that the import of dry fuel which has declined considerably will be stopped by 2024. Speaking at an event at the office of the Comptroller & Auditor General of India here to release a 'Compendium of Asset Accounts on Mineral and Energy Resources', the minister said commercial coal mine auction which was institutionalised by the present government has made the auctioning process totally transparent. Joshi also complemented CAG's office for bringing out the first ever compendium of asset account on mineral assets of the country. The minister said that the report presents comprehensive picture of the mineral resources spread across different states in the country. He said that the compendium will help in further strengthening sustainable mining process which is of great importance for ecology and future generation. Collating the information of the state asset accounts, the government accounting standards advisory board has prepared the ...

Vedanta arm Balco wins bid for 900 mn tonne coal block in Chhattisgarh

Vedanta Ltd on Wednesday said that its arm Balco has won the bid for a coal block in Chhattisgarh. The company emerged as successful bidder for the mine during the fourth round of commercial coal mine auction conducted by the government. "The coal block is an optimal fit for Balco, given its logistical location," Vedanta said in a filing to BSE. Once operational, the mine will provide fuel security, enhance power availability, and further strengthen Balco's operations and performance. The block has estimated reserves of 900 million tonnes. Balco was incorporated in 1965 as the first public sector undertaking in the country. In 2001 the Centre disinvested 51 per cent shares of Bharat Aluminium Company Ltd (BALCO) to Sterlite Industries Limited, a subsidiary of Vedanta Limited. The remaining 49 per cent is with the Centre.

Coal to be back again as gas becoming unaffordable: FM Nirmala Sitharaman

Given the global energy crisis, Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world has seen countries moving to coal. Austria has already said, and todaythey are going back to coal, Sitharaman told a group of reporters from India during an interaction on Saturday. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after its invasion of Ukraine. In late April, Russia cut off gas supplies to Bulgaria and Poland after they refused Moscow's demand to pay for the deliveries in rubles, Russia's currency. Also, apart from that many countries in the West are moving away from coal to generate electricity as it contributes to climate change and air pollution. Responding to a question on her

Exports up 4.8% to $35.45 billion days after initial data showed a dip

The World Trade Organization (WTO) has also painted a grim picture for the outlook of global trade next year amid fears of a recession

CIL will achieve 1 bn tonne coal production target by FY26: Pralhad Joshi

CIL will achieve 1 billion tonne coal production target by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, Union Minister Pralhad Joshi said on Wednesday. Coal India Ltd (CIL) accounts for over 80 per cent of the domestic coal output. "Due to COVID our earlier target has been postponed. We will fulfil our dream of one billion tonne and we will be aatmanirbhar in thermal coal...By 2025-26, Coal India will produce one billion tonne," Joshi said on the sidelines of a function here. CIL was earlier eying 1 billion tonne coal production by 2023-24. Replying to a question, he said as far as thermal power plants are concerned, there is an average coal stock of 24 million tonne and day-to-day stock of the fossil fuel is adding. "Our plan is to keep at least 40 million tonne of coal as far as March 31 is concerned," he said. Coal output by CIL in current financial year is expected to be 700 MT and there would be additional output of 200 MT from othe

Iron ore, coal transport push Sept Railway freight up 9.7% to 116 mn tonnes

FY23 auto freight grows 72% as automakers switch to rail

Gencos procure 5.8% of total order value from Coal India's import tenders

CoalMin confident that domestic supply will meet festive season's power demand

Xi Jinping over-promised about coal consumption in China, says report

China took a back seat from its declaration, at the Leaders' Summit on Climate in April last year where President Xi Jinping had stated that Beijing will control coal-fired power generation projects

India may boost coal power fleet 25% by 2030 amid rising energy demand

The world's third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there's a substantial drop in the cost of storing electricity

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Gas-starved Europe's revival of coal plants spells bad news for India

Coal consumers in India are taking evasive action to save their balance sheets