According to the PPA signed with the Talwandi Sabo Power and the Nabha Power, the coal for the two projects was to be provided by the PSPCL
Coal India had allocated 17.69 MT of coal in the year-ago period, according to government data
The highest revenue of about Rs 37,000 crore will go to Odisha, where Vedanta was the highest bidder at Rs 1,674 per tonne for the Jamkhani block with 222 million tonnes extractable.
The minister said last year India imported 235 million tonne of coal and the forex outflow was Rs 2.71 lakh crore
“Prior to the state’s bifurcation, the linkage quantities, particularly the supplies from M/s SCCL were being adjusted between all thermal stations of erstwhile AP to run the units.
All eight assets on offer in the seventh tranche are Schedule-I blocks.
In Australia, Coal India has shortlisted some working mines, while in Canada, it is targeting ready-to-produce blocks where exploration, land acquisition and environmental approvals have been completed.
The move is part of its thrust on green initiatives and upgradation of mechanised loading system in first-mile connectivity — coal-transport from pithead to dispatch points.
This initiative involves setting up of Coal Handling Plants with silos having rapid loading systems, which will have benefits like crushing, sizing of coal, quicker and quality coal loading.
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry.
IndiaPowerTrading.info is a revolutionary approach to market research in the Indian power sector, created to give expert insights and analysis.
Daily summary of all power market transactions including bilateral open access segment and power exchanges.