• CIL has asked the government to lower railway tariff for transportation of coal to customers, a move which will facilitate import substitution and boost its supply volumes. CIL continues to be beset with tepid demand for coal, with most of its customers, like the power sector.
  • Amid the coronavirus pandemic, thermal coal imports at India’s major ports saw a 35.94% decline to 12.29 million tonnes in the first two months of the current financial year, according to the Indian Ports’ Association (IPA). Coking coal imports witnessed a dip of 24.05% to 7.47 million tonnes in April and May this year. The ports had handled 19.19 million tonnes of thermal coal and 9.84 million tonnes of coking coal, respectively, in the April-May period of the previous financial year.
  • A clear policy framework regarding energy storage is needed in the new electricity law for the adoption of storage technologies in suitable areas, an industry body has suggested. The Draft Electricity (Amendment) Bill, 2020, floated by the power ministry, seeks amendments to the Electricity Act, 2003, to address a series of challenges faced by the sector and provide measures to improve regulatory discipline, private sector participation and give a thrust on renewable energy sector, among others.
  • Government proposes to give one more year to manufacturing companies proposing to start production from their new greenfield facilities and qualify for lower corporate tax rate of 15 per cent.
  • As the government continues to focus on increasing the share of renewable energy in the country, nearly 15,000 MW of wind-solar hybrid capacity is expected to come up over the next five years, CRISIL said. Out of this 15,000 MW, works on nearly 10,000 MW are already either under construction or are being tendered and are expected to start feeding the grid by fiscal 2024.
  • The government said that fuel linkages from coal companies have been rationalised to reduce the distance in transportation of coal from the mines to users. The move is aimed at reducing the load on the transportation infrastructure and easing the evacuation constraints. Unlike the past rationalisation exercises, the present methodology on linkage rationalisation, covers the power as well as non-regulated sector (NRS), for all types of consumers, the coal ministry said.