Category — Coal & Clean Coal
Swiss financial services company, Credit Suisse recently spent time in India to ascertain the status of mineral resources and commodities. “India looks to be firing at last,” was one of the headings in the bank’s report. The investigators had meetings with government agencies and companies in Delhi, Kolkata and Mumbai, focusing on demand for bulk companies such as coal and iron ore,as also fertilizer and aluminum.
The bank remarked that the best opportunity for miners looking for market opportunities in India, was copper since India had limited supplies of the mineral. It also warned against selling iron ore and coal to India since with problems of bulk commodity distribution being overcome, India was self sufficient in these minerals, reports Forbes.
“We came away convinced that India really is on the cusp of a major growth phase,” the bank said. “Companies pointed out the positives they see from government policies; an anti-corruption focus, a level playing field without favoritism, clear high level policies, and government ministries and State-owned companies driving to implement the policies, and overcoming many problems of the past.”
September 27, 2016 No Comments
Before leaving to attend the U.N. climate talks in Lima, Peru, India’s Environment Minister Prakash Javadekar said that India would be focused on boosting its renewable power capacity fivefold rather than cutting carbon emissions. With hundreds of millions without access to electricity, India cannot afford to reduce greenhouse gas emissions at the expense of economic growth, he added.
He said he was optimistic industrialized nations would agree to shoulder more of the burden to reduce greenhouse gas emissions, given that they had been polluting the atmosphere with fossil fuels for decades before developing nations did.
More than 60 percent of India’s installed 250 gigawatt capacity today comes from burning coal. India doubled its coal tax to 100 rupees per ton and will use the funds generated for projects that would boost the country’s solar power capacity to 100 gigawatts by 2020.
December 12, 2014 No Comments
India’s energy demand is set to double by 2019, according to Piyush Goyal, India’s minister for power, coal and renewable energy.
“It’s a huge investment opportunity of nearly $250 billion over the next four to five years, including$100 billion in renewables and $50 billion in transmission and distribution. In recent remarks, Minister Goyal said that the Power Ministry would look to energy storage resources to provide electricity to rural India. “We will ensure that solar power generation will touch 100 GW by 2019. Pilot projects have been set up to ensure that every house in tribal and remote areas gets electricity, and we will use large-scale storage technologies to provide power.” Minister Goyal has also said that the country “will be a renewables superpower” – and it’s been proven that energy storage goes hand-in-hand with wind and solar.
November 24, 2014 No Comments
Piyush Goyal is the current Minister of State with Independent Charge for Power, Coal, and New & Renewable Energy in the Government of India. A graduate of law and accountancy, Goyal was a management consultant and an investment banker before he became a full-time politician. He has participated in Leadership Programs at Yale University (2011), and Princeton University (2013).
At the India Economic Summit held in the first week of November in New Delhi, Goyal declared that government-owned Coal India Limited (CIL) was looking to double its production of coal to a billion tonnes in the next five years. CIL had a large initial public offering of shares in 2010 and is among India’s most valuable companies by market capitalization. It produces about 80% of India’s coal.
Goyal, who is also minister for New and Renewable Energy, said a “huge investment opportunity” of nearly $250 billion beckons in the energy sector over the next four to five years, including $100 billion in renewables and $50 billion in transmission and distribution. “I see investments also coming into wind (energy) with the re-introduction of the fiscal benefits that were earlier available,” he said. In the area of solar energy in particular, Indian manufacturers have asked for the scrapping of the inverted duty structure, whereby finished goods are taxed at lower rates than imported raw materials. The government has been looking to resolve this issue since it hampers manufacturers in the solar energy sector, Goyal promised at the Summit.
“This government is sincere in giving electrical power to all Indian citizens,” the minister added. Emphasizing that renewable sources of energy are one of the thrust areas of the government, Goyal said his ministry was eager to expand solar energy production in India to 100 GW by 2019.
Prime Minister Modi, has made a commitment to bring uninterrupted power to all India’s people — a key plank of his government’s program. To achieve that, Goyal said, India needed to rapidly raise the amount of coal it mined for power generation, cut back on electricity lost on transmission lines and through theft, and promote the use of renewable resources such as solar and wind energy. Coal, which generates about three-fifths of the country’s energy, would retain an “essential role” in India’s energy mix, as in the United States.
November 14, 2014 No Comments
France’s Alstom SA has recently been awarded a $115 million contract by BHEL to supply components for three units of 660 MW supercritical boilers of Nabinagar Power Generating Co. Ltd. NPGCL is a joint venture company of NTPC Ltd. and Bihar State Electricity Board located in Nabinagar, Bihar, India.
Alstom will cooperate with BHEL in designing the boilers and will supply identified pressure parts of the supercritical boilers along with pulverisers and airpreheater components. Alstom will also assist BHEL with technical advisors during the erection and commissioning of the units.
The contract follows the supercritical boiler contract won by Alstom for Mouda last year, and is in addition to six contracts signed with BHEL between 2008 to 2012 for supercritical boilers in Barh II, Krishnapatam, Bara, Yeramaras, Bellary and Mouda in India.
April 18, 2013 No Comments