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Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Economic Survey identifying continued state monopoly over the sector, which accounts for more than half of domestic fuel supplies, as a major bump in the way of ramping up power generation.
The Survey said private firms are allowed to dig up coal only for captive use. Suggesting that private firms be allowed full entry to usher in competition under a well regulated scenario, as long as the coal sector remains a public sector monopoly, it could remain a bottleneck for accelerated development of the power sector.
Increase in the coal production has not been able to keep pace with the rise in demand due to lack of investments and technology infusion. There has also been lack of competition and hardly any improvement in efficiency levels. Dependence on imported coal has risen from 10 million tonne to about 16 million tonne in 2008-09. A full private entry is seen as a key to revitalizing the sector.
Source: Steel Guru
(http://steelguru.com/news/index/2009/07/07/MTAxMjgw/Economic_Survey_2008-09_open_up_coal_to_fuel_power_plants.html)
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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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