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The Bankrupty Code is not broken, but it still needs to be fixed

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Taranto plant

Dec 16, 2019, 05.15 AM IST



CIL to raise fuel stock at power plants to 22 days

Following successive months of slowdown, the company has managed to raise average daily production from 1.27 million tonnes in October to 1.8 million tonnes now. This increased stocks at power plants by 64% since October to 28 million tonnes—enough for 17 days. It is almost double last year’s stock position.

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  • The discoms have not paid the dues for the past one year running into an estimated Rs 250-300 crore. The non-payment has also led to developers stalling ongoing projects, resulting in job losses in the sector.

    This is expected to reduce the cost of power generation making them more competitive because if a power company has separate fuel supply agreement for each plant, it can transfer coal from one plant to another. This would also reduce transport cost and take the load off railways during peak season.

    TVEL, fuel division of Russia’s Rosatom State Atomic Energy Corporation, has been supplying uranium fuel pellets for Tarapur on a regular basis in 2019. The total volume of the fuel pellets supplied to India for Tarapur in 2019 exceeded 50 tons. The pellets will be used for fabrication of nuclear fuel assemblies for the Tarapur Nuclear Power Plant.

    The decision is yet to be made through e-tendering process for finalisation of contractor for installation, operation and maintenance for 25 years of the 5 MW solar photovoltaic plants.

    The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement. But the report released by environmental groups on Thursday cites more than 1,000 new coal power stations or units in the pipeline.

    The French-Indian steelmaker balked at continuing to operate the steel plant after the Italian government recently removed immunity from prosecution in case of environmental damage. But the company's Italian CEO also cited various legal challenges and other difficulties it claims thwarts production goals set out in the deal with Italy.

    The auctions, likely to start by February next year, will be reserved for non-captive power plants which do not have power purchase agreements (PPAs) for more than half their capacity, according to the bid guidelines released by the power ministry.

    Jitendra Singh said there was an identification of a malware infection on Kudankulam Nuclear Power Plant (KKNPP) administrative network which is used for day-to-day administrative activities.

    Karnataka, Rajasthan, Tamil Nadu are states with the highest renewable energy potential in the country. Their installed renewable energy capacities are either higher than coal power or are on a path to overtake it.

    Earlier, PPA was a pre-requisite for getting coal linkage. But, the government relaxed the norms under SHAKTI, or the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India, policy this year in March. For this purpose, the power ministry on Monday issued the methodology for the same.

    But as China's economy slows to the lowest level in a quarter century - around 6% growth, according to government statistics - policymakers are doubling down on support for coal and other heavy industries, the traditional backbones of China's energy system and economy.

    The plant, which consists of 3,168 solar panels with a capacity of 320watts each, has been set up across 5.5 acres within the premises of old dump yard at Kavundampalayam.

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