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Germany’s 2019 hard coal imports fell 14.7%-importers

FRANKFURT: Germany imported 40.2 million tonnes of hard coal last year, 14.7% less than in 2018 due to competition from renewables and gas, and as the steel industry curbed usage, importers said on Friday. The total was comprised of an estimated 7.4% lower intake of coking coal for steelmakers, who purchased 11.5 million tonnes and […]

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Europe & UK

Solar and Wind Will End German Coal Long Before Merkel’s Deadline

January 18, 2020 Anand Gupta

Germany could close its last coal-fired power plant long before a 2038 deadline as the dirtiest fossil fuel gets squeezed out of the energy mix by clean electricity. A plan struck on Thursday by Chancellor Angela Merkel to compensate regions and companies for the exit anticipates some of the most polluting plants running down the […]

Featured

Germany Seals $45B Coal Phaseout Deal

January 17, 2020 Anand Gupta

Hard-hit regions and utilities will be compensated for their role in Germany’s energy transition, but RWE faces more than $1B in uncovered costs. Germany’s federal and state governments agreed Thursday on the tricky terms of the country’s coal phaseout, with the total bill set to run to €40 billion ($44.6 billion) as hard-hit regions are […]

Americas

BlackRock Sends Huge Warning Shot at Companies Ignoring Climate Risk

January 16, 2020 Anand Gupta

The world’s largest asset manager predicts a “fundamental reshaping of finance” as the climate threat comes into sharper focus. In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. […]

Americas

Three-Quarters of New US Generating Capacity in 2020 Will Be Renewable, EIA Says

January 15, 2020 Anand Gupta

2020 will be a record year for U.S. renewables construction as 6 gigawatts of coal capacity goes offline, according to new government figures. The U.S. Energy Information Administration has confirmed what it and industry watchers predicted a year ago — that wind and solar power will expand on their already-large share of new U.S. generation […]

Featured

Proposed carbon tax waiver on coal may pose risks to India’s renewables growth: Fitch

January 6, 2020 Anand Gupta

Fitch Solutions on Monday said that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said. This comes at a time […]

Policy & Regulation

NIT for Purchase of 1000 MW Power under Short Term Basis through DEEP Portal

January 6, 2020 Anand Gupta

NIT for Purchase of 1000 MW Power under Short Term Basis through DEEP Portal GOI for a period from 01.03.2020 to 28.02.2021 under Case-4 envisaged for allowing flexibility of utilization of domestic coal For more information please see below link:

Featured

PM Narendra Modi’s office proposes waiving carbon tax on coal

December 31, 2019 Anand Gupta

Modi’s office has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the production and import of coal, according to the documents reviewed by Reuters NEW DELHI: Prime Minister Narendra Modi’s office has proposed waiving a tax on coal to help finance pollution-curbing equipment, according to documents, but the […]

Policy & Regulation

Order: Seeking adjustment of tariff for increase/ decrease in cost/ revenue

December 10, 2019 Anand Gupta

Order dated 05/12/19 for 1440 MW coal fired thermal power plant at Ucchpinda, Chhattisgarh developed by R.K.M. Powergen Private Limited. Petition under Section 79(1)(b) of the Electricity Act, 2003 read with Article 10 of the PPA dated 15.3.2016and Clause 4.7 of the Competitive Bidding Guidelines, seeking adjustment of tariff for increase/ decrease in cost/ […]

Approval of procurement of Additional Coal in case of shortfall of FSA Grade Coal in FY 2018-19 for supply of 170 MW power

Policy & Regulation

Approval of procurement of Additional Coal in case of shortfall of FSA Grade Coal for supply of 170 MW power

December 10, 2019 Anand Gupta

Order dated 09/12/19 for Dhariwal vs NPCL -Petition no. 1318 1319 and 1438 – Approval of procurement of Additional Coal in case of shortfall of FSA Grade Coal in FY 2018-19 for supply of 170 MW power For more information please see below link: