Coal imports in the first two months of the ongoing fiscal registered a marginal decline of 2.6 per cent at 36.49 million tonnes (MT). The drop in coal imports comes at a time when some regions, including the national capital, are facing power shortage due to fast depleting coal stockpiles at power plants.
Coal imports by power utilities fell by 22.23% to 3.73 million tonnes in April mainly due to decline in shipments by imported coal based power projects in the country.
State-run thermal power plants in India’s coastal States have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country’s long-term plans to eliminate imports.
India’s thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources.
China’s coal imports rose in March from a year ago as utilities boosted their purchases to replenish inventories amid colder-than-usual winter weather that drew down fuel stockpiles.
Coal imports surged 40 percent to 19.18 million tonnes in November, mainly due to pick up in demand for winter restocking and low coal stock position in power plants.
Global rating agency Fitch has said India’s dependency on imported coal may continue to decline as the government moves ahead on the path of self-sufficiency.
When burning more coalbecomes your solution to pollution choking your capital city, it really is time to reassess your policy positions.
Some state-owned power producers, who had stopped imports, are now looking at importing coal at a time when the Centre’s focus is on reducing imports and eventually bringing it down to zero.
Coal imports rose by 9.5 per cent to 18.33 million tonnes (MT) in September, after having registered year-on-year decline for five months in a row, as some power plants faced fuel shortages.