Prime Minister Narendra Modi will address the launch event of the auction of 41 coal mines for commercial mining on June 18, 2020 outlining his vision for the country to achieve self-reliance in the mining sector which is the key source of input for many basic industries like power, steel, aluminium and sponge iron.
Renewable energy accounted for over 40% of the global growth in primary energy in 2019, larger than any other fuel, according to a recent report by BP. It added that as a result, renewables increased its share in the energy mix from 4.5% in 2018 to 5%.
The International Energy Agency (IEA) set out an energy sector roadmap for governments to spur economic growth and cut carbon emissions that would require a $1 trillion annual investment over the next three years.
CIL will hold deliberations with the consumers of the cement sector and captive power producers (CPP) on substituting imports with domestic coal, amid the PSU facing tepid demand for the dry fuel. Coal India (CIL) will hold discussions through video conference, the PSU said in separate notices to consumers of the cement sector and CPPs.
Coal India plans to use mine developers and operators (MDO) to reopen mines it abandoned because of safety and viability concerns, company executives said. The company may offer these mines, many of which hold good quality reserves, to MDOs on contract.
Clean energy consultancy Bridge To India has lowered India’s solar and wind power capacity addition estimate over 2020-2024 citing weak economic outlook and further slowdown in power demand. It said the domestic energy sector has been hit by multiple demand and supply shocks, sharp reduction in power demand, delays in construction activity, and deferred payments across the value chain.