Coal India Ltd is keen to tap non-power consumers to feed its incremental production post the monsoon period. It is also offering some relaxation in payments and evacuation to encourage better lifting of coal, an official has said.
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for the dry fuel by power plants.
Minister of new and renewable energy, R K Singh, said about 7,592 megawatt (MW) renewable energy capacity has been commissioned in the year 2019-20, up to December 2019.
“Another 34,160 MW RE capacity is under various stages of implementation. It is expected that renewable energy capacity addition in the year 2019-20 will exceed the capacity addition achieved in the year 2018-19, which was 8,532 MW,” he said.
About the issues of clean air and sustainability, Solar power, Thermal power, Clean air and Electric vehicles were four things of interest in Finance Minister Nirmala Sitharaman’s Budget. The announcements were, however, incremental in nature, rather than path-breaking.
Stressed power assets, which were planning to bid for coal under the new SHAKTI auction, have now complained against the national miner for offering a lower coal volume than the demand. The power industry has alleged that Coal India has done so to jack up the price of coal in the auction by more than 100 per cent over the notified price.
The Singareni Collieries Company Ltd (SCCL) will start with 5 lakh tonnes of coal production from its Naini block in Odisha from March 2021. A decision to this effect was taken at the Area General Managers meeting headed by SCCL Chairman and Managing Director N Sridhar at Singareni Bhavan. The meeting discussed steps to be taken to speed up several works in two of the allocated mines Naini and New Patrapada in Odisha and set up deadlines for each activity.
Implementing Budget proposal would generate good demand for steel sector as the National Highways Authority of India is set to commercialise the development of over 6,000 km of highways by 2024. Railways is to achieve electrification of 27,000 km of tracks, four station re-development projects, set up a large solar power capacity alongside rail tracks, operate 150 trains through PPP mode, implement 148-km Bengalaru suburban transport project. Further, inland water ways of 890 km is to be completed by 2022 and 100 more airports would be developed by 2024.