India seeks increased coal imports from Russia

India's coal imports surge by 8% to 268 MT in FY24

In FY24, there was a 7.7 percent increase in India's coal import, reaching 268.24 million tonnes, propelled by the softness in seaborne prices and the anticipated rise in power demand during summer, as stated by data compiled by B2B e-commerce company mjunction services. The coal import figure for FY23 stood at 249.06 MT.

In March FY24, coal import also saw an uptick, reaching 23.96 MT, compared to 21.12 MT in the same month of the preceding fiscal year.

Breaking down the March 2024 figures, non-coking coal import was reported at 15.33 MT, surpassing the 13.88 MT recorded in Ma..

Government targets 10% cut in coal imports by FY26

The government is targeting a reduction in overall coal imports to 10 percent by FY26, with domestic coal production showing positive figures. One of the sources mentioned, "The government's strategy is to decrease the overall coal import to 16 percent by FY25 and further down to 10 percent by FY26.

This will primarily involve substituting imported coal with domestic alternatives." The Ministry of Coal had reported a 36.69 percent decline in coal imported for blending by the power sector, dropping to 19.36 MT during the April-January period from 30.58 MT in the corresponding period of ..

India's power sector imports 35.3 MT coal during the Apr-Oct period

During the April-October period of the current fiscal year, the domestic power sector imported 35.3 million tonnes (MT) of coal, as revealed in Parliament. Union Minister RK Singh shared that of this total, import-based power plants, reliant on imported coal, accounted for 21.7 MT, while thermal plants imported 13.6 MT for blending purposes.

In the preceding fiscal year of 2022-23, the total import volume reached 55.6 MT. Among this, import-based plants brought in 20.5 MT coal, while the remaining 35.1 MT was imported by thermal power plants. It is essential to note that thermal power ..

Vikram Solar Wins 397.7 MW Module Supply Contract for NTPC's Gujarat Solar Project

Vikram Solar has been awarded a significant contract to supply 397.7 megawatts (MW) of solar modules for an upcoming project by NTPC in Gujarat. This agreement underscores Vikram Solar's pivotal role in supporting India's renewable energy ambitions, particularly in expanding solar power generation capacity.

The project, spearheaded by NTPC, one of India's largest power generation companies, aims to enhance Gujarat's renewable energy infrastructure. It aligns with India's national goals of achieving substantial renewable energy penetration and reducing carbon emissions.

Vikram Sol..

TCC seeks bids from developers for a 22 MW renewable energy project

Travancore Cochin Chemicals (TCC) is seeking bids from developers for a 22 MW renewable energy project to be implemented under a group captive model. The deadline for bid submissions is June 19, 2024.

Interested bidders are required to pay a tender fee of Rs 1,000 and an earnest money deposit (EMD) of Rs 500,000. The successful bidder will need to furnish a security deposit equivalent to 10% of the annual energy bill value to ensure contract performance, with the EMD being adjusted against this deposit.

The contract duration will span 20 years from the delivery date. Power can be..