NTPC Talcher Kaniha is strategically moving ahead with long term fuel security plan to fulfill its coal requirement for the 3000 MW coal station.
The Station has a Fuel Supply Agreement (FSA) with Coal India Limited subsidiaries, MCL and ECL as a long term coal plan. In addition, in order to ease the operation of the Station caused due to coal crisis and inadequate coal supply and incurred generation loss, NTPC Talcher Kaniha is taking strategic steps.
The Station has now successfully finalized two alternate sources of coal for the plant. To fulfill this initiative, Talcher Kaniha has started coal lifting from Bhubaneswari and Dulanga mines from December 30, 2019. Both coal sources are a boon to the Kaniha Station in improving the plant generation and ensuring uninterrupted efficient power supply to its esteemed stakeholders.
The country’s iron ore miner NMDC has hiked prices for the first time since last September. The rise in key raw material prices by about ₹200 a tonne each to ₹2,800 for lump ore of 65.5% Fe and ₹2,560 for 64% Fe. Following this, some of the private merchant miners are also negotiating higher price for their ores.
Bidding for the acquisition of Emami Cement is likely to commence by mid-January with the Aditya Birla Group’s UltraTech Cement leading the race at an offer price of Rs 6,500-7,000 crore in an all-cash deal, sources said.
Though Shree Cement, Dalmia Bharat Cement, Nuvoco, and other private equity investors had shown initial interest, sources said UltraTech and Ambuja Cement, part of the LafargeHolcim Group, were likely to put in their bids.
The major global challenges of climate change and financial crises can be solved only if countries agree to cooperate with each other and resist isolationism, economist and Nobel laureate Eric Stark Maskin said.
However, he added that global collaboration will not be easy as more and more nations turn inward-looking.
Maskin has asked to come together globally and devise an international treaty. Countries may be willing to sign an international treaty in which they promise to reduce their carbon emissions to a safe level.
To reduce carbon emissions, countries must take steps like using new technology as well as shutting down old factories, which will have a negative impact on their economies, he added,
Private power producers have alleged that upcoming coal auctions for stressed power plants is an attempt by Coal India to maximise profits as a state monopoly by exploiting the plight of fuel-starved projects.
Pressure from lenders and desperation for coal may force stressed projects to make aggressive bids at the coal auctions, they said. Also, there are high chances of these projects losing bank guarantees if there is no demand from discoms in two years, power producers said.