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HCL to quadruple mine capacity

Hindustan Copper Ltd (HCL) is planning to increase its mining capacity by four times. The miner is drawing up plans to implement mine expansion projects. In HCL?s annual general meeting, Chairman and Managing Director K D Diwan said that its flagship project, Malanjkhand (Madhya Pradesh) underground mine of 5 mtpa capacity, is progressing well.

Govt says coal demand may not exceed 60,000 mw capacity

The Union Coal Ministry has told the Coal India (CIL) that the requirement of coal under the fuel supply agreements would not be for more than 60,000 mw by 2015 due to various reasons, including slippages in the schedule for commissioning of projects.

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

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

CCEA explores various options on coal issue

In order to help power producers suffering high cost of imported coal, the Cabinet Committee on Economic Affairs (CCEA) is said to be exploring several options including price pooling. The panel is expected to meet in the few two weeks to discuss the matter, reports suggest. Amidst shortage of coal

CoalMin disapproves dual pricing for coal

The proposal of the Planning Commission to introduce dual pricing for coal was opposed by the union coal ministry, which argues that it is not a feasible plan. Under dual pricing, coal would be sold at different prices in different markets. Union coal ministry expressed its disapproval for the proposal at a meeting under the Chairmanship of Planning Commission Deputy Chair

Nod to Rs 7,915 cr road projects in UP, Maha, Gujarat, Haryana

The Union government on March 18 approved Rs 7,915 crore road projects in Uttar Pradesh, Gujarat, Maharashtra and Haryana under its flagship road building programme National Highways Development Project (NHDP). The Cabinet Committee on Economic Affairs (CCEA), in its meeting accorded approval to the four projects to be built under phases III, IV and V on Build, Finance, Operate and Transfer (DBFOT) basis.

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