Coal News : Chairman of Coal India said - will provide its share of coal to the power sector


Posted on 28th Jun 2022 01:08 pm by rohit kumar

Coal India Chairman Pramod Agarwal has assured the country's power sector about the supply of coal from CIL. CIL's Chairman has said that the company is fully prepared and committed to supplying its share of coal to the power sector in the coming months. The CIL chairman has also said that it is very important for power-generating companies to build coal reserves on time. Let us tell you that the Chairman of Coal India has said these things because of the monsoon reaching the country in the coming time.

 

It is known that with the onset of summer this year, the country had to face a power crisis due to a shortage of coal in thermal power stations. At that time, heavy load shedding was seen in many states of the country.

 

Did you know?Explore Trending and Topic pages for more stories like this.

CIL chairman Agarwal told PTI that at the time of availability of coal, it will be important to create fuel reserves in power plants. We are taking all necessary steps to ensure that our share of coal is supplied to the power sector in the coming months.

 

Aggarwal said the company has set a target of 35 million tonnes more coal production in the first quarter of the current financial year as compared to the corresponding quarter last year. He has assured saying that we will leave no stone unturned to increase the production of coal.

 

Commenting on the coal shortage reports in the media in the past, the CIL Chairman said, it is not "appropriate" to say. He said the company's mines have about 46 million tonnes of coal reserves, while the power plants have around 24 million tonnes of coal. Apart from this, more than 60 million tonnes of coal are stocked at places like godowns, private washeries, and ports, from where the work of transporting them to power stations is going on.

 

Aggarwal said the challenges faced by coal shortages in recent months are due to three reasons: demand-supply gap. He said that after the era of the Corona epidemic, the demand for electricity in the country had increased suddenly due to the opening of industries. Second, the heat has increased significantly in the entire northern part of the country, due to which the demand has increased significantly.

 

The third reason was that the price of coal in the international market was above the last few months. This prevented international coal-fired power plants from importing the fuel. The chairman said, “The first quarter was very good for us. In the first two months of the current financial year, the production grew by about 29 percent on a year-on-year basis and stood at 108 million tonnes. Also, the supply to the power sector stood at 102 million tonnes, which is over 16.7 percent.

 

Agarwal said that Coal India has set a target of supplying 565 million tonnes of coal to the power sector in the financial year 2022-23 and the company is making serious efforts in this direction. Let us tell you that the share of Coal India in coal production in the country is more than 80 percent. Coal India is the largest coal supplier to the power sector.

 

Also Read: Sri Lanka Economic Crisis: Fuel becomes costlier for the third time in a month; the US will help to get out of the economic crisis

1 Like 0 Dislike
Previous news Next news
Other news

Riots at metro station...: Muslims Youth jumped out of the exit gate, video of Jama Masjid station went viral; DMRC gave clarification

A video of the Delhi Metro is becoming increasingly viral on social media. In which some people a

Chandrayaan-3 Landing: The last 15 minutes of Chandrayaan 3 will be a moment of fear, read why the future of the mission hinges on it

Chandrayaan 3 has reached the closest orbit to the moon. With the approach of the moon, Vikram La

China vs Taiwan: Taiwan's bluntness to China! Will not miss retaliatory action for self-defense if needed

Since the visit of US House Speaker Nancy Pelosi to Taiwan, China has been conducting military ex

List of undergraduate programs of Delhi University, admission will be given based on CUET UG, the result is expected at any moment

CUET UG Result 2025 can be declared anytime by the National Examination Agency (NTA). Through the

Aamir Khan: Aamir gave a big update on his biggest project 'Mahabharata', know when the film will come on the floor

Actor Aamir Khan is in the news these days for his upcoming film 'Sitare Zameen Par'. New updates

IND vs SA: In the last over, the ball crossed the boundary line on Jitesh's shot, yet he had to return to the pavilion, knowing the reason.

The third match of the three-match T20 series was played between India and South Africa in Johann

'If terrorism rises, we will crush it', said PM Modi after the inauguration of Indore Metro and Datia Satna Airport

Prime Minister Narendra Modi arrived at the Mahila Empowerment Maha Sammelan in Bhopal on Saturda

Economy: China raised the world's concern by reducing the interest rate, but for the time being the dollar benefits

At present, the US currency dollar is getting the direct benefit of the increasing economic diffi

Sri Lanka: President Wickremesinghe praised PM, Modi, saying - the use of Indian rupees should be like the US dollar

Sri Lankan President Ranil Wickremesinghe said that he wants the Indian rupee to be used at par w

Dollar Index: The biggest one-day fall in the rupee in the current financial year, increased pressure on the domestic currency

The rupee on Wednesday lost 62 paise to close at 79.15 against the dollar, a day after hitting a

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash