Budget 2021: Power producers demand tax cuts on coal
A number of representations have been made to the Coal Ministry by a host of power producing companies as the government plans its annual budget.
Source: reuters
Power producing companies are mounting pressure on the Indian government to reduce what they claim are excessive taxes on coal, which is making electricity expensive for the end users.
A number of representations have been made to the Coal Ministry by a host of power producing companies as the government plans its annual budget, it is reliably learnt.
A top source within the Coal Ministry said representations have been made by companies to explain how various levies and charges almost doubles the fuel prices for the coal fired power projects that have to pass on this burden to the consumers through regulatory process.
Wyoming will push back against any federal regulations brought by the Biden administration that hinder the development of fossil fuels and other resources.
By Reuters Staff
2 Min Read
TOKYO, Jan 13 (Reuters) - Japan’s power market regulator said on Wednesday there was no “improper behaviour” found in trading on the electricity exchange as prices hit record highs with rising demand for heating with frigid temperatures gripping much of the country.
The island country’s benchmark power price hit an all-time high of 232.2 yen ($2.24) per kilowatt hour on Wednesday, according to the Japan Electric Power Exchange website.
“We have not found any improper behaviour in auctions for spot trading, but we will continue to closely watch the activity,” Yoshiaki Kuroda, director of market policy planning at the Electricity and Gas Market Surveillance Commission, told Reuters.
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Jan 13, 2021
Coal Company Officials Plead Guilty After Hiding Black Lung Dangers
So far three former officials with Armstrong Coal have acknowledged their part in a fraud made public by HuffPost.
A former supervisor at the Parkway coal mine in Western Kentucky pleaded guilty Tuesday to taking part in a scheme to hide the threat of black lung disease from federal safety officials.
Steve DeMoss, a former safety director and foreman for Armstrong Coal, which owned and operated the Parkway mine, acknowledged in court that he helped submit misleadingly low coal dust readings to mine regulators. Miners can develop black lung disease by breathing too much coal dust in a mine’s atmosphere, leading to a debilitating ailment that sufferers compare to the sensation of drowning.