Indian utilities’ coal imports rose to their highest levels since 2015 and reversed a three year slide, mainly due to increased imports by a major plant run by Adani Ltd., as per the Government data. Imports rose 21% in 2019 to 69.51 million tonnes, data from the Central Electricity Authority showed.
As part of its asset monetisation plan, the National Highways Authority of India (NHAI) is putting up the fifth bundle of road projects under the toll-operate-transfer (TOT) model in February, as per the sources.
The fifth package would consist of three to four road projects valued at around Rs 3,000 crore and will be followed up with small packages of two to three road projects after every two to three months, the source added.
India needs a whopping USD 2.64 trillion investment to meet the UN’s sustainable development goals (SDGs), offering the private sector an investment opportunity of over USD 1.12 trillion by 2030, according to a report.
According to the Standard Chartered SDG Investment Map, the total investment that the country needs to make by 2030 is a whopping USD 2,633.9 billion. Of the total, USD 1,558.8 billion is for clean energy, USD 505.5 billion for transport infrastructure, USD 377.4 billion for digital access; and USD 192.2 billion for clean water and sanitation.
Of the total USD 2.64 trillion of investment needed, the potential investment opportunity for the private sector is a whopping USD 1.12 trillion with USD 701.5 billion going into clean energy, USD 226.5 billion for digital access, USD 176.9 billion in transport infrastructure, and USD 19.2 billion for clean water and sanitation, said the report.
Union coal ministry has floated a discussion paper that proposes to do away with the requirement of prior experience for prospective bidders for coal blocks. Also, the paper says that the revenue which developers need to share with the states will not be linked to coal prices quoted by state-run Coal India (CIL). Private players had earlier raised objections to these two conditions and cited them as reasons for their showing little interest in the sector.
The coal ministry also said that it is developing a ‘National Coal Index’ to fix the price of coal for commercial mining, which would include a weighted combination of monthly prices of coal in various channels of transaction.