DOMESTIC COAL
commercial mining blocks was awarded in November 2020, with 19 mines allocated, representing over 3 billion tonnes of coal reserves and a peak capacity of over 50 MTPA
Centre receives 38 bids for Investment in global coal supply auction of coal mines for chain to hit $115 bn in 2022, led commercial mining by China and India The governmentWedsn said 31 companies, including At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA. The investment quantum globally on coal supply chains is expected to grow by 10 per cent year-on-year to around $115.5 billion in the current calendar year, with China and India accounting for a major share. Coal shortages and power rationing in China in 2021 made energy security the main priority in near-term Chinese policy, and more than 350 million tonnes (MT) per year of new coal mining capacity was brought on stream in the second half of the year. India is also looking to increase domestic coal supply in the face of a squeeze in 2022 that increased the use of more expensive imported coal. IEA said that India, the world’s second-largest consumer and coal producer, is seeking to increase coal production as its energy needs grow and the government looks to decrease imports. Under the Indian government’s Coal Mines (Special Provisions) Act, merchant producers can sell coal at free-market prices outside CIL’s monopoly. The first auction for
16 | CCAI Monthly Newsletter June 2022
JSW Steel, Vedanta Ltd, NLC India Ltd, Jindal Power and Bharat Aluminium Company Ltd, have submitted bids for 24 mines under commercial coal mines auctions. As many as 38 online and offline bids were submitted during the three rounds of auctions. The auction process for 122 coal/lignite mines was launched in March. The last date of submission of technical bids was June 27, 2022, except for 10 mines. Those 10 mines comprise Parbatpur Central coal mine and 9 lignite mines. The bids will be evaluated by a multi-disciplinary technical evaluation committee and the technically qualified bidders would be shortlisted for participation in the electronic auction. Post opening of the technical bids, the forum was opened for discussion and suggestions were invited from the bidders to make the commercial coal mine auctions more attractive for the industry.
India’s Domestic Coal Production Up By 28% in May-end
