NTPC Power Generation Up 13% Y-o-Y in Aug’17
NTPC Ltd has recorded 13% growth in power generation for the month of Aug’17 over corresponding period last year. The total generation for the month was 22.347 BU (Billion Units) as against 19.855 BU. The PLF increased by 5.58% over the corresponding period last year.
Koldam Hydro Electric Power Project generated electricity at its peak capacity during this period. While, moving in line with Govt of India’s thrust on Renewable energy, the company’s solar stations generated 455 Million Units from 870 MW capacity, which was 3 times higher than last year.
Captive Coal Mine Output Up 7.2% during Apr’17-Aug’17
Captive coal production in India rose 7.2% to 14 MnT during the first five months of FY18 ( Apr’17-Aug’17), according to data compiled by the Coal Controllers Office.
Among the major coal producers, Sasan Power produced 7.3 MnT from its Moher and Moher Amlohri Extension mines, while RRVUNL produced about 3 MnT from its Parsa East and Kanta Block. Jaiprakash Power produced around 1.7 MnT coal from its Amelia North coal mine during the period.
NTPC, which started coal production this year, mined 0.6 MnT during the period from its Pakri Barwadih block.
Govt of India Eases Rules for Commercial Coal Mining
In order to make bidding process flexible for commercial mining, Government of India has proposed to forbid minimum reserve price for a coal block, which was common practice for a coal block auction. Instead, the bidder which will offer to pay highest royalty will win the coal block.
According to the proposal, the miners will offer value for the block as per their own assessment and the highest bidder will succeed. Also there would be no restriction regarding selling or pricing the coal, however, if the prices rise above the normal levels, then the miner would have to share its percent of profit with the state.
The government has already earmarked 10 mines for the commercial mining auction, which is scheduled later this year.
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