West Bengal Law Minister Molay Ghatak. File | Photo Credit: DEBASISH BHADURI The Enforcement Directorate (ED) on Friday (June 23) issued a summons to West Bengal Law minister Moloy Ghatak asking him to appear before its officers in New Delhi on June 28 in connection with its probe into the coal pilferage case in the … Read more
Tamil Nadu Generation and Distribution Corporation Ltd. (Tangedco) received 192.67 lakh tonnes of domestic coal during 2022-23, the highest quantum in the last 10 years, according to the Tamil Nadu Energy Department’s policy note for 2023-24. The note was recently tabled in the Assembly by Electricity Minister V. Senthilbalaji. The annual requirement of coal for … Read more
Representational file image of a coal loading point at an underground coal mine. | Photo Credit: G.N. Rao Coal India Chairman Pramod Agrawal on March 20 said there is a “strong case” for increasing coal prices, and the hike could be effected “very soon” as discussions are underway with stakeholders. Mr. Agrawal also said he … Read more
India is unlikely to sign a deal with richer nations this year for a just energy transition, as international funding rests on India committing to a timeline to phase out coal, an “unviable” proposition for the country, energy analysts said. The Group of Seven (G7) industrialised nations, together with Norway, Denmark and the European Union, … Read more
Photo used for representation purpose only. File | Photo Credit: The Hindu India is projected to add the largest percentage increase in coal use in the coming year globally ahead of China and the European Union, a report by the International Energy Agency (IEA) said on Friday. India is expected to increase use by 7% … Read more
With power demand rising every day and disruptions in power supply reported from several states, Congress and BJP are blaming each other for the power crisis. The county is headed towards a breakdown on the electricity front due to the Centre’s failure to transport the required coal from the mines to the power-generation stations, the … Read more
The EU executive on Tuesday proposed a fresh wave of sanctions against Russia that would include a ban on coal imports and blocking Russian ships from entering European ports. “Russia is waging a cruel, ruthless war, also against Ukraine‘s civilian population. We need to sustain utmost pressure at this critical point,” European Commission President Ursula … Read more
The output of eight core sectors rose 4.4 per cent in September on account of healthy performance by segments like natural gas, refinery products and cement, official data showed on Friday. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 0.6 per cent in … Read more
Rising global commodity prices, led by crude, coal and metals, will shave a lot off the current account leading to higher imports and a rise in current account deficit, which is likely to print at 1.3 per cent of the GDP or USD 40 billion, up from 0.9 per cent surplus last fiscal, according to … Read more
European and UK gas prices surged on Wednesday by more than 25 percent, energised by soaring demand before the northern hemisphere winter. Europe‘s reference Dutch TTF gas price jumped to 145.19 euros per megawatt hour and UK prices soared to 347.27 pence per therm. The two markets had already rocketed in earlier deals to record … Read more