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Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November 2020. Speaking at the event, Home Minister Amit Shah said the coal sector will be the largest contributor to India’s ambition of being a $5 trillion economy.
“The coal sector was non-transparent, complex and favoured a few corporates. But many small trading companies are now getting into coal mining, which was not possible six years back. India has one of the largest coal reserves and high demand but ironically still imports vast quantities. Reducing import dependence is crucial for our economy,” Shah said.
The Centre in 2020 opened the coal mining sector with private companies entering the arena of commercial mining and sale of coal–-47 years after coal mining was nationalised in India.
The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open the coal auction for non-mining, MSMEs and foreign companies. The two-part auction concluded in November when companies submitted bids for 19 out of the total 38 coal blocks on offer.
Among the winning bidders were Adani Enterprises, Hindalco, Vedanta ltd, Essel Mining of the Aditya Birla Group, Jindal Steel & Power ltd, and several new and non-mining companies such as Aurobindo Realty, Yazdani International, JMS Mining, and Boulder Stone Mart.
Union minister for coal Pralhad Joshi said the energy aspirations of the nation cannot be crushed in the quest to follow the West. “We should make the maximum use of our coal reserves while shifting to cleaner forms of energy,” he said adding more mines will be offered under commercial mining during January.
The ministers also launched a ‘Single Window Clearance Portal’ for the companies that have won the coal mines. “In the absence of a unified platform for grant of clearances, the companies were required to approach different departments, leading to delay in operationalisation of coal mines. Now, the complete process shall be facilitated through Single Window Clearance Portal in a phased way,” Joshi said.
Currently, some 19 major approval or clearances are required before commencing the mining operations. These include approval of mining plan and mine closure plan, grant of mining lease, environment and forest clearances, wild life clearance, clearances related to safety, environment, rehabilitation of project affected families, welfare of workers etc. The Single Window Clearance Portal would facilitate these clearances.
The coal ministry said the mine-bearing states would garner a total revenue of Rs 6,656 crore annually (over the life of mine) from these mines.
Source: Business Standard
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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Australian Coal Association
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Minerals Council of Australia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Marubeni Corporation - India
- PTC India Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
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