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The CBI alleged that during the tendering process in 2010, NCCF officials favoured the Adani Group even though it had not given any trading margin.
Foreign companies may not rush to bid in auctions as state clearances take time & costs will have to be lowered to compete with Coal India.
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With the index, the govt will be able to benchmark coal price, cost of production and efficiency of operations, Coal India said.
Coal-fired power has long failed in terms of health & climate impacts, but now its raw economics are collapsing too. Even the govt can’t keep it going for long.
India plans to meet its coal demand by increasing domestic production and from a jump in renewables output over the next 5 years.
Adani says Australia’s Carmichael coal mine is viable for his group and renewable energy is good but can’t meet India’s power needs.
A mismatch between peak periods of demand and output from renewables means coal will remain the primary energy producer, a report by the Central Energy Agency states.
Modi government will have to take a series of steps starting with strengthening power distribution firms to ensure clean air.
Imports will climb almost 11% to 184 million metric tons in 2019-20, & rise further to average about 200 million annually through following decade.