IMO, NITI Aayog have already reviewed our Indian plans / MPA....

IMO, NITI Aayog have already reviewed our Indian plans / MPA.

New Delhi: Think tank NITI Aayog has come up with its much-awaited three year agenda for 2017-18 to 2019-20, which formulates long term vision and policies for various sectors responsible for economic growth of the country.

Giving special emphasis on the energy sector, the Aayog in its 208 page document, has laid down a comprehensive list of measures the government should take in the next three years so as to develop the one of most key essentials of growth of the country.

COAL: “On the lines of China, the Indian government must take steps to reduce the use of low quality coal. The quality used in India has high ash content and low energy content. Based on this quality, India uses 640 grams of coal unit of electricity. Whereas in 2015, China reported use of 308 grams of coal per unit. Steps need to be taken to adopt clean-coal technologies including coal gasification,” it said.

ENERGY EFFICIENCY: The Aayog said in the near to medium term, India must adopt cost-effective energy efficiency policy solutions.

“It should intervene in the market only when it is clear that the benefits from cutting pollution outweigh the extra cost of the energy efficient solution. Such an approach will lay the groundwork for making India a more energy efficient economy by 2031-32,” it said.

It further said since majority of energy generation in India is through thermal plants, even a small improvement efficiency at such plants will help India yield large gains.


http://energy.economictimes.indiati...year-agenda-for-indias-energy-sector/58486230


MPA Status
On 21 February 2017, the Company reported that the MPA had cleared legal review at both NLC India Limited (NLC) and NMDC Limited (NMDC).
At the time, NLC arranged for ECT to provide a project briefing to the recently appointed Secretary of the Ministry of Coal, Shri Susheel Kumar.
Given the potential significance of the project to enhance India’s economic, energy and resource security while contributing to its environmental commitments under the Paris climate agreement, the parties determined it was prudent to escalate the project to NITI Aayog (National Institution for the Transformation of India Committee) for review ahead of final Board approvals and signing.
Consequently, heightened interest from key Indian Government Ministers has increased scrutiny and probity across the review process, resulting in longer than expected timeframes to complete the review.

http://www.ectltd.com.au/shareholder-update-india-project/