Coal India Emphasises On Quick, Swift Exploitation Of Domestic Reserves

Coal India Emphasises On Quick, Swift Exploitation Of Domestic Reserves

State-run miner Coal India Ltd is emphasising on “quick” and “swift” exploitation of the domestic fossil fuel reserves in order to meet future demand and reduce imports, an official said here on Thursday.

“The large planned new coal based thermal capacity is likely to put pressure on coal resources. Coal based power generation capacity of 125 gigawatt in 2012 is likely to go up to more than 330-441 GW by 2040 (192 GW in FY 2017),” the company’s newly appointed interim Chairman Gopal Singh said while addressing the shareholders in the 43rd Annual General meeting.

“The demand for these plants is likely to be first met by domestic coal, which will require quick exploitation of our reserves,” Singh said. Read More…

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