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Odisha govt gets suggestion from union ministry
The Union ministry of tribal affairs (MoTA) Secretary Vibha Puri Das asked the Odisha government to arrive at the exact number of villages where gram sabha was to be conducted for restarting the bauxite mining project of Vedanta Group. Das asked the state government not to restrict the gram sabha to only 12 villages of Niyamgiri hill s
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Goa govt sets up panel to monitor mining project
Goa government set up a steering committee to monitor the progress in the development of the Raigarh coal block allocated to the Goa Industrial Development Corporation (GIDC). The committee would try to solve the difficulties in developing the block, which is located in the Raigarh district
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Coal shortage hits generation at NTPC?s Simhadri plant
Shortage of coal supply at Visakhapatnam NTPC?s Simhadri super thermal power station has hit the power generation. The power station has been unable to generate power optimally since a month due to the acute shortage of coal supply, which can only add to the state?s power woes. The generation loss due to shortage of fuel supply has been 325 million units on June 3.
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CCEA to take final call on price pooling
Coal Minister Sriprakash Jaiswal informed reporters that his ministry submitted a note on the mechanism for coal price pooling to the Cabinet Committee on Economic Affairs (CCEA), which would take a final call in its next meeting. Under the proposed new pass-through mechanism, entire additional cost of imports would be passed on to the consumers against averaging of prices of imported and domestic coal under the earlier price-pooling mech
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Govt to hire consultant to restructure Coal India
Government is in the process of hiring an external consultant to advise on the restructuring of Coal India (CIL) for a long term sustainability roadmap. The government is learnt to have shortlisted nine consultants for the purpose. Meanwhile, agency reports quoted Coal Minister Prakash Jaiswal as saying that he was not in favour of splitting the state-run CIL. The minister has reportedly said
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CIL to retain right to set coal price
Coal Secretary SK Srivastava has reportedly informed a news agency that the ultimate right to fix price of coal would be vested with Coal India (CIL) even after the setting up of a regulator. He said the proposed coal regulator would out the principles and methodologies upon which pricing will be done while the state-run miner CIL will retain the right to set p
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Nashik's civic body to take up road works on its own
The Nashik Municipal Corporation (NMC) has decided to take up the work on the first ring road under its jurisdiction. The civic body has decided to the start the process of inviting tenders on its own and the actual work is expected to begin after the monsoon. The project will be executed under the deferred payment scheme due to paucity of funds.
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Highway developers may get exit option
Cash-strapped highway developers may be permitted by the Union government to exit projects at any stage after financial closure if lenders agree to change the concessionaires at the request of the existing developer. The Surface Transport Ministry feels that this could be a shot in the arm for stalled highway projects since equity released from old projects can be used to develop new ones, and companies with relevant expertise can take over the construction or operation and maintenance of the ex
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CCEA may clear fuel pass through mechanism
In order to enable power plants to pass on the rise in the cost of imported fuel to end consumers, the Cabinet Committee on Economic Affairs (CCEA) may clear the fuel pass through mechanism. Such a move may encourage power producers to use the full capacity of their power plants by importing fuel instead of running the plant at suboptimal capacity beca
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Coal futures fall due to tepid demand
According to media reports, the weak demand for coal across the globe, especially in Europe, drove down the benchmark coal futures price to a three-year low in recent trading session. Coal futures, referred to as swaps in the industry, traded below $90 a tonne, their lowest since April 2010 when demand for coal in Europe declined because of the globa
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