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

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.

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.

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