Indias coal imports decreased to 190 Mte in FY 2017 from 203 Mte in FY 2016
The Dollar Business Bureau Coal imports have fallen from 217.78 Million metric tonne (Mte) in 2014-15 to 203.95 Mte in 2015-16 and further to 190.95 Mte in 2016-17. The trend of fall in import of coal has continued in 2017-18. This was stated by the Minister of State for Power, Coal & New and Renewable Energy and Mines during a reply to a question in the Lok Sabha. The fall in imports is largely on account of enhanced production by Coal India Limited (CIL), due to which the country has moved from a regime of coal scarcity to a coal surplus situation. The Minister further stated that as per Directorate General of Commercial Intelligence & Statistics (DGCI&S), during April-June 2017-18, 52.74 ...
Government approves institutional mechanism for smart grid projects
The Dollar Business Bureau The government has approved the National Smart Grid Mission (NSGM), an institutional mechanism, for implementation of policies related to smart grid networks, Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy told Lok Sabha on Thursday. The NSGM is an institutional mechanism which will plan, monitor and implement the policies and programs related to smart grid activities in the country, the minister said. The total outlay of Rs 985 crore and a budgetary allocation of Rs 338 crore have already been allocated for the NSGM activities during the 12th Plan. The minister further said that a governing council headed by the Minister of Power and comprised of secretary-level officers of the concerned departments and ...
Indo-US fund created for innovative clean energy projects
The Dollar Business Bureau Close to China, Germany and UK’s commitment to renewable energy programme by India, at the Re-Invest 2015 – India’s first Renewable Energy Global Investors Meet & Expo, a Joint Indo-US PACESetter Fund has been established with a contribution of US$ 4 million (INR 25 crores) from each side for providing grants for seed capital for innovative clean energy projects. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) said that India and USA have undertaken new initiatives to enhance clean energy cooperation and desire to expand current Partnership to Advance Clean Energy Development. In the past, Goyal said that the government is committed to using renewable energy and ...
