Centre to replace 7.7 GW thermal plants with double-efficient ones
The Dollar Business Bureau In order to create better efficiency, the government has identified old thermal power projects and replace them with efficient ones, resulting in the creation of 18,560 MW of energy-efficient supercritical plants. Old power plants currently total 7,738 MW, and their replacement would help save natural resources, besides doubling the generation capacity of such sites. A senior official from the power ministry was quoted offering an example, he suggested that the 440 MW Haryana Power Generation Corporation in Panipat could be replaced with an 800 MW energy efficient plant. The official said the move towards energy efficiency and less-polluting technology makes more sense than renovation and modernisation and will yield long-term benefits. The move trails a December 2015 guideline from ...
Power generation may attract $11.4 trn over 25 yrs
The Dollar Business Bureau Global power generation may attract around $11.4 trillion investment in the next 25 years, Bloomberg New Energy Finance (BNEF) forecasted in its New Energy Outlook 2016. Though the prices of coal and gas are likely to remain low, electricity system all over the world could gravitate towards renewable sources in the next few decades, it said. Emerging countries would dominate in gaining huge investments in power generation through coal and gas. Over $1.2 trillion will be invested in new coal-based power plants, while $892 billion will be spent on new gas-based power plants. More than $7.8 trillion will be invested in renewable power with wind power attracting $3.1 trillion, solar power $3.4 trillion, and hydro-electric power $911 billion, ...
Cabinet okays plan to upgrade Paradip Port coal export handling capacity
Source: PIB, Government of India The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs.1412.76 crore will be spent by the concessionaire. The remaining Rs.25 crore will be spent by the Paradip Port Trust on dredging. The project envisages mechanization of EQ 1, 2 and 3 Berths to increase their capacity from the existing 7.85 million tonnes to 30 million tonnes. The project is scheduled to be ...
Coal supplies to be in line with Fuel Supply Agreement
The Dollar Business Bureau The Minister of State for Power, Coal & New and Renewable Energy Piyush Goyal, on Thursday, informed that the distribution of coal, for all sectors of consumers, would be done under the Fuel Supply Agreement (FSA), as per the government’s New Coal Distribution Policy (NCDP). The Minister stated that for the consumers who remain not covered under FSA, the coal would be supplied through e-auction, where 10% of the annual production will be put for sale under NCDP. Whereas, for the consumers whose annual production is less than 4200 tonne per annum, the coal would be supplied under FLA to the State nominated agencies, the Minister added. To facilitate the liquidation of coal stock affected ...
