Power Crisis: Despite record production, Coal India will import coal after many years to deal with power crisis

Coal India will import coal after years.

Image Credit source: ANI

To meet the coal supply amid the power crisis, Coal India will import coal after years. Coal will be imported from Coal India in lieu of power generation companies.

Once again the power crisis in the country (power crisis) has increased, because coal companies are not able to supply coal according to the demand. Sensing the coming crisis, the government has set up the world’s largest coal mining company. Import to Coal India ,Coal India to import) is instructed to do. Regarding this decision, the Power Ministry has written a letter to the states and informed them that they should wait for the rate for the time being. Coal India will import coal in lieu of power plants. In fact, power generation companies have complained in the past that they are not experts in the work of importing coal. In such a situation, this work should be done by companies like Coal India, whose core business is this. In such a situation, Coal India will import and supply coal instead of power generation companies.

This is the first time after the year 2015 that Coal India is going to import. Keeping in mind the power crisis in April, this step has been taken on time. According to the letter issued by the power ministry, Coal India will import and supply coal on a government-to-government basis, in exchange for thermal power plants and independent power producers.

Power crisis expected to be severe in September quarter

According to reports, the power crisis in India is likely to become more severe in the third quarter of this year i.e. July-September. Power demand is expected to pick up in the September quarter due to pick-up in economic activity.

Power stations have only 8 days stock

According to the Economic Times report, at present, 22 million tonnes of coal is stored with power stations, which is only for 8 days. On May 20, this storage was only 20 million tonnes. In such a situation, there has been a slight improvement in storage. Earlier on April 28, the power ministry had directed all power plants to import at least 10 per cent coal. This was said because of the increase in power demand.

Preparation for re-excavation in old closed mines

To meet the increasing demand for coal, various measures are being adopted by Coal India. The company is also considering production from new mines. According to a Reuters report, production will start from the Seramal coal mine by the December quarter. Initially, its capacity will be 2-5 million tonnes per annum, which is targeted to reach 50 million tonnes in the next 5-7 years. Apart from this, re-mining is also being considered in the old closed mines.

Target to increase production by 12%

Coal India plans to start production from two new mines in the current financial year with a total production capacity of 7 million tonnes per annum. Coal India has set a target of 12 per cent jump in power generation for the current financial year (2022-23). The company is expected to add 22 million tonnes of production capacity in the current financial year. Apart from this, new sources of energy are also being considered. Presently the total power generation capacity of India is 401 GW. It has 111.4 GW of renewable power. The government plans to generate 450 GW of renewable energy by 2030.

Source link

Leave your vote

Related Articles

Back to top button

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.