Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year. The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.
Coal India Limited (CIL) is aiming to add 5 GW of renewable energy capacity by 2028, with a focus on diversifying into green energy through solar power and pump storage projects in its open-cast mines. The company is in discussions with various countries to acquire critical mineral assets to support its diversification efforts. CIL has targeted Rajasthan, Gujarat, Maharashtra, and Karnataka for solar ventures, signing joint venture agreements with state governments to generate and supply…
Coal India Limited (CIL) has issued a tender inviting bids to develop a grid-connected ground-mounted solar project at the Khavda Solar Park in Gujarat. The last date for bid submission is September 23, 2024. The tender scope includes the design, engineering, procurement, supply of equipment and materials, erection, testing, and commissioning of the project. It also covers the supply, packaging, forwarding, and transportation of photovoltaic modules to the Khavda Solar Park. Bidders are required to…
Babcock & Wilcox’s (B&W) Thermal segment has received full notice to proceed on a $246 million coal-to-natural gas conversion project at AES Indiana’s Petersburg Generating Station. The project involves converting two coal-fired boilers at the 1.16 GW Petersburg plant to operate on natural gas, significantly lowering the facility’s carbon footprint. B&W Thermal will handle the design and installation of the new natural gas system, air systems, and associated equipment. B&W Construction (BWCC) will manage the…
India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…
The Indian government has amended its power export rules, allowing Adani Power’s 1,600 MW Godda coal-fired plant in Jharkhand, previously contracted to supply all its output to Bangladesh, to now supply electricity to the domestic market. The amendment, detailed in an internal power ministry memo dated 12 August, permits the plant to connect to the Indian grid and sell power locally in cases of sustained non-scheduling of its capacity or payment delays. This change, which…
India recorded its highest-ever coal production in FY24, reaching 997.828 million tonnes, an 11.71 per cent increase from FY23. In Q1 FY25, India produced 247.396 million tonnes of coal, a 10.75 per cent increase from 223.376 million tonnes in the same period last year. Several initiatives contributed to this growth. The Single Window Clearance portal expedited the operationalization of coal mines. Captive coal mines were permitted to sell up to 50 per cent of their…
The proportion of installed capacity from coal/lignite has decreased from 55 per cent in 1947 to 50 per cent in 2024, but it still dominates, accounting for 50 per cent of installed capacity and 73 per cent of generation as of March 2024. Central Electricity Authority (CEA) projects coal/lignite will still comprise 32 per cent of installed capacity by 2030. Coal-based plant installations surged between 2007 and 2017, driven by high spot prices in power…
India’s first 800-MW advanced ultra-supercritical (AUSC) thermal power plant will be established in Korba, Chhattisgarh. The project is a collaboration between NTPC and BHEL, with support from the Indira Gandhi Centre for Atomic Research. In July 2024, Finance Minister Nirmala Sitharaman announced the joint effort by NTPC and BHEL to develop this innovative thermal power plant. The technology, indigenously developed through joint research and development, will be deployed in a full-scale 800 MW commercial plant,…
India’s climate policies are on track to reduce carbon dioxide emissions by around four billion tonnes from 2020 to 2030, leading to a 24% drop in coal-based power generation, according to a report by the Council on Energy, Environment and Water (CEEW). This projection surpasses India’s COP26 commitment to reduce emissions by one billion tonnes by 2030. CEEW’s analysis reveals that policies across India’s power, residential, and transport sectors saved 440 million tonnes of CO2…
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