Power industry body ICPPA, whose members include players from key sectors such as steel and aluminium, has urged the government to ensure coal availability, saying most captive power producers (CPPs) are facing severe shortage of the fuel which may lead to closure of plants.
In fact, both industrial and retail consumers in many parts of the country are reeling from electricity cuts, due to a shortage in supply of coal to thermal plants.
As Coal India (CIL) struggles to step up coal supply to private power plants, it has been left puzzling over one particular aspect of the prevailing shortage of the dry fuel.
Seeking PMO’s intervention for adequate coal supply to the aluminium industry, key players have said the shortages have put 7.5 lakh jobs in the sector at risk and investments are bogged down by a heavy debt load of Rs 70,000 crore.
In view of current coal shortage in the power plants, the Union Railways and Coal minister Piyush Goyal on Saturday said the supply of the fossil fuel would improve over the next 15-20 days.