This morning, Carbon Copy published the second – and concluding – part of my report on global fossil fuel companies making a beeline for India. It is a development which comes with large fallouts. In the past, every time India liberalised a nationalised sector, private players have gained at the cost of public sector entities […]
In global circles fighting climate change, India scores a passing grade. Take Climate Action Tracker, a website tracking countries’ actions on climate change. Citing India’s ambitious renewable energy targets — 450 GW by 2030 – it says the country is on “track to overachieve its ‘2˚C compatible’ rated Paris Agreement climate action targets”. If the […]
A quick opinion piece today — for Carbon Copy.
Since October last year, Scroll has been (intermittently) reporting on how India’s insolvency proceedings are coming along. Cumulatively, these reports flag a couple of peculiar patterns. A lot of companies are up for sale — In a country with 7500 companies with a topline over Rs 250 crore, 2511 companies are slated for insolvency proceedings. […]
The first part of Scroll’s analysis of the coal block auctions took a close look at the auctions for the steel, cement and aluminium sectors. It found an extremely wide divergence in the winning bids. Some blocks went for twice the notified price of coal, or the price at which the bulk of India’s coal is […]
At a gathering in Paris last month, drawing attention to the coal block auctions that have taken place under his government, Prime Minister Narendra Modi boasted, “Twenty coal blocks out of 204 have been auctioned so far and we got more than Rs. 2 lakh crore from them.” The factual error in the statement – […]
out today, this quick and dirty story about the issues that need to be considered before allotting coal blocks to state companies for commercial mining. the last time this was tried, things were a complete snafu.
After the Coal Bill, it is the turn of the Coal Mines (Special Provisions) Rules, 2014. Rules say the central government can allot a coalblock where mining has already started to any company recommended by the ministry of power which “henceforth may be awarded a power project based on competitive bids for tariff”. The phrasing, […]
The new coal bill may allow the discretionary allotment of mines, as experts say a new clause in the proposed law can be interpreted as facilitating such action. However, coal ministry officials say the clause has been inserted only to allow tariff-based bidding. Section 5(1) of The Coal Mines (Special Provisions) Bill, 2014, says the […]
A new report has warned that premature deaths due to emissions from thermal power projects (TPPs) will rise two-three times as India’s reliance on thermal power increases. The report by Urban Emissions. Info, an independent research group working on India’s air quality, and Mumbai-based NGO Conservation Action Trust, expects India’s thermal power generation to rise […]
out today. this update on the emerging blueprint for coalblock auctions. With the draft rules of the proposed coal block auctions in the public domain, a set of industry experts says things are getting muddled as the government tries to balance contrasting objectives… “The government is again committing the historic blunder of tying itself in […]
Last week, the NDA’s Coal Mines (Special Provisions) Ordinance, 2014, was greeted rapturously. Comforting a country facing coal shortages, it laid out a road map for ensuring coal supplies in the wake of the Supreme Court’s order last month cancelling captive coal-block allocations. But will the ordinance fix the mess left behind by the previous […]
Today’s ET carries a story on Chandasi – also spelt as Chandausi. It is a mandi — like the agri markets of India — but one dealing in coal. It is a fascinating place. Its architecture is similar to that of a farm mandi even though the commodities the two trade in are so different. […]
The Economic Survey, last month, said there was an urgent need to fast-track the entry of private sector in coal mining to increase production of this mineral and, by extension, reduce imports. Subsequently, coal and power minister Piyush Goyal stated the government was considering the use of public-private partnerships (PPPs) to achieve this objective. PPPs […]