India is expected to install between 1,306-1,506 MW of wind capacity in calendar year 2020, which, because of the Covid-19 outbreak this year, will be substantially lower than in the last few years, according to a forecast by BloombergNEF.
The supply of coal by CIL to the power sector declined 23.9% to 61.84 million tonnes in the April-May period of the current financial year. The supply of coal in 2018-19 (April-May) was 81.29 million tonnes (MT), according to recent government data.
Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards energy transformation, a report by the International Renewable Energy Agency (IRENA) said. The report shows that on an annual basis, scaling-up public and private energy spending to $4.5 trillion per year would boost the world economy by an additional 1.3%, creating 19 million additional energy transition-related jobs by 2030.
Coal India’s exploration arm has added 7.8 billion tonnes of coal to India’s proven reserves base in 2019-20, the largest addition in a year so far, it said in a report. It also added 9.75 billion tonnes of reserves to new resource category, which is a rough estimate based on preliminary exploration.
Coal India’s fuel allocation under the exclusive e-auction scheme for non-power consumers like steel and cement jumped five-fold to 6.10 million tonnes in the last two months. The company had allocated 1.20 million tonnes of coal to non-power consumers under the scheme in April-May 2019, as per latest government data.