Coal Ministry promotes CPSE diversification
COAL & MINING

Coal Ministry promotes CPSE diversification

The Coal Ministry announced that it was actively encouraging extensive diversification within central public sector units, including Coal India, aligning with the country's commitment to a varied energy mix. The ministry, which has administrative control over two large Central Public Sector Enterprises (CPSUs) - Coal India (CIL) and NLC India (NLCIL), expressed its commitment to diversifying the energy mix.

In a statement, the coal ministry stated, "The Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration, in line with India's commitment to diversifying its energy mix."

The ministry emphasised the utilisation of de-coaled land for cost-effective pit-head thermal power plants. The directive aims to ensure sustainable operations for both PSUs, anticipating a future coal surplus.

CIL, a dedicated coal company with seven arms, and NLCIL, involved in lignite, power generation, new renewable energy, and coal mining, are the two CPSUs under the ministry's control.

The necessity for diversification was underscored, particularly in the context of the climate change narrative. The goal is to diversify into non-coal sectors, secure new businesses, and effectively use substantial reserves.

CIL, which contributes around 80 percent of the country's domestic coal production, accounts for approximately 65 percent of the consumption of fossil fuels in the country.

The Coal Ministry announced that it was actively encouraging extensive diversification within central public sector units, including Coal India, aligning with the country's commitment to a varied energy mix. The ministry, which has administrative control over two large Central Public Sector Enterprises (CPSUs) - Coal India (CIL) and NLC India (NLCIL), expressed its commitment to diversifying the energy mix. In a statement, the coal ministry stated, The Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration, in line with India's commitment to diversifying its energy mix. The ministry emphasised the utilisation of de-coaled land for cost-effective pit-head thermal power plants. The directive aims to ensure sustainable operations for both PSUs, anticipating a future coal surplus. CIL, a dedicated coal company with seven arms, and NLCIL, involved in lignite, power generation, new renewable energy, and coal mining, are the two CPSUs under the ministry's control. The necessity for diversification was underscored, particularly in the context of the climate change narrative. The goal is to diversify into non-coal sectors, secure new businesses, and effectively use substantial reserves. CIL, which contributes around 80 percent of the country's domestic coal production, accounts for approximately 65 percent of the consumption of fossil fuels in the country.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement