Coal India Target For Power Sector Pegged At 513 mn Tonnes For Next Fiscal

Coal India Target For Power Sector Pegged At 513 mn Tonnes For Next Fiscal

Coal India would produce 513 million tonnes of coal in 2018-19 and offer 12 million tonnes via e-auction to meet the power sector’s demand. The balance amount to meet the power industry’s demand of 615 million tonnes of coal would come from Singareni Collieries and captive coal blocks, Coal India executives said in a meeting.

Captive mines allotted to private power developers and states would collectively contribute 105 million tonnes by 2021-22 from 37 million tonnes currently. Coal India is expected to close the current financial year with 500 MT production.

After facing coal deficit in the last quarter, which led to power generation loss, the ministry of power has asked Coal India and the Railways to ensure supply of 615 million tonnes of coal with the movement of 288 rakes every day. Read More…

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