This paper analyses the periodic coal shortages in the post-monsoon months at power plants in India and suggests some ways forward to address them. Such periodic shortages result in increased cost of electricity
Coal India Ltd (CIL) and IL&FS Infrastructure Development Corporation Ltd (IL&FS IDC), today entered into a memorandum of agreement (MoA) to float a joint venture company, with 50 per cent equity contribution each by the two organisations, to undertake project development for mine, power and other coal-based projects. The MoA document was signed by NC Jha, director (technical) of CIL, and DK Mittal, managing director of IL&FS IDC, at the CIL headquarters in Kolkata today, in presence of CIL Chairman Partha S Bhattacharyya and other officials of the two organisations.
Coal India Ltd (CIL) and IL&FS Infrastructure Development Corporation Ltd (IL&FS IDC), a unit of IL&FS, have signed a deal to float a 50-50 joint venture to undertake develop mining, power and other coal-based projects. A special purpose vehicle, Integrated Power & Coal Development Co Pvt Ltd (Intec), will set up a project development fund of Rs 10 crore per project with equal shares from the two partners to fund each project that it takes up. CIL's technical director NC Jha and IL&FS IDC's managing director DK Mittal signed the pact at CIL's headquarters here in the presence of CIL chairman Partha S Bhattacharyya and others. The SPV will undertake the entire chain of project development activities, from project identification, site selection, facilitation in land acquisition and technical and environmental studies to preparation of DPR, EIA, obtaining various clearances and approvals, obtaining linkages, tying of sales (power sales as relevant to power projects), finalisation of evacuation arrangements, financial modeling, legal documentation, engineering, procurement and construction (EPC) contract, O&M, project structuring and marketing with lenders and investors. The SPV will work on projects that involve improving mine performance, accessing difficult mines, developing or implementing pithead coal-based power projects, development of washeries, power plants based on asheries and so on. The venture will also help private sector Companies that have been allotted mines to develop them. CIL expects to gain from the SPV's activities by way of low-cost power from pithead-based power plants and by selling power instead of coal.
<p>If you believe the financial press, one of the biggest environmental stories this past year has been the question of "go" and "no go" areas for coal mining.
Two monopolies. One private and the other public; one in gas and one in coal. Both equally disastrous for the environment. I speak here of Reliance Industries Ltd and Coal India Ltd. We know that air