Power demand has fallen 30% since the start of the lockdown on March 25, compared to a year ago, and may fall further, forcing 65 GW of capacity to back down.
Stocks at power plants have touched 42.5 million tonnes, enough for generating power for 25 days, while at pitheads its is 64.5 million tonnes, good for almost 38 days.
In India it has rated Lalitpur Power Generation Company Ltd’s senior secured note under the thermal power project rating criteria.
Coal India subsidiary, Mahanadi Coalfields will finance a 500 bedded state-of-the-art COVID hospital in Odisha's Bhubaneshwar that is scheduled to become operational in a fortnight.
“The decision to postpone the long-term supply auction was taken prior to the declaration of the lockdown. We are keeping a close watch on the situation and may push it back further if necessary,” said SK Gupta, chairman, MSTC.
Coal India buys explosives worth Rs 2,000 crore in a year. Even smaller subsidiaries like Eastern Coalfields receive 45-50 tankers a day while for larger ones the requirement is larger
Pre-construction capacity halved in just the past year in India from 60.2 GW in 2018 to 29.3 GW in 2019 with another 37 GW in under-construction stage, according to the report.
It is reiterated that adequate stocks of LPG are available in Kolkata & across the state and there is no need for panic-booking . Indane delivery personnel are working with all heart and soul despite all the current hardships and customers are requested to stick to safety advisories and not resort to panic purchase of cylinders.
Coal India provides jobs to one or two members of affected families. Often, people demand jobs for every family member, and at times refuse to part with land, lading to delays and cost overruns. Centre has estimated the number of jobs demanded in lieu of land to be in excess of 85,000. If offered, it would raise manpower costs and hurt productivity.
Trading on electronic platforms would be done every alternate 30 minutes for electricity to be wheeled after 1 hour 15 minutes. For the first time, any generator, including renewable power companies, would be allowed to sell power through the platform.
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