• India’s annual electricity generation from coal-fired utilities fell in 2019 for the first time in a decade, government data showed, amid a broader economic slowdown and increased use of renewable energy.
  • Coal India has prepared an action plan to mine one billion tonnes of coal by 2023-24. Pralhad Joshi, Union minister for coal and mines, said that the action plan is being worked out to minimize coal imports and make the country self-sufficient in coal.
  • Moody’s Investors Service have revised its growth forecasts for India to 5.4% for 2020 and 5.8% for 2021, down from its previous projections of 6.6% and 6.7%, respectively.
  • Moody’s also revised its global growth projection, saying that the coronavirus outbreak has diminished optimism about prospects of an incipient stabilization of global growth this year. It expects G-20 economies to collectively grow 2.4% in 2020, followed by a pickup to 2.8% in 2021. It has reduced growth forecast for China to 5.2% in 2020 and 5.7% in 2021.
  • The government will set up ultramega renewable energy parks of a total of 50 gigawatt (GW) in Gujarat and Rajasthan, people familiar with the development said.


  • Coal India will increase spot e-auction offerings in the current quarter to 15% of the year’s production, a top company executive said. In the three quarters till end-December 2019, the company had offered about 12% of its production for auctions. Spot auction offers accounted for almost 46% of the quantity offered for auctions till December, while the rest was a mix of special forward e-auction for the power sector, exclusive e-auction for non-power and special e-auction. Till December, it had offered close to 46 MT through auctions, of which the booked quantity was 44 MT.
  • Coal India’s daily output is expected to rise to three million tonnes (MT) next month, enough to run a 660-MW power plant for a year as the state-run miner focuses on expansion of projects and increasing production
  • In January, Coal India clocked a double-digit growth in output for the first time in this fiscal. It now plans to increase stocks at thermal power plants to 30 days and reduce pending supplies to non-power consumers to zero by March