Coal problems now history, govt looks at saving Rs 40k crore in coal imports: Piyush Goyal

Coal problems now history, govt looks at saving Rs 40k crore in coal imports: Piyush Goyal

India is looking at further cutting down coal imports that will result in huge savings for the government, power minister Piyush Goyal has said.

“Coal problems are history in India. Last year, the reduction in imports of coal saved Rs 24,000 crore and this year the target is Rs 40,000 crore,” Goyal said.

“From 2-3 days stock of coal available to power plants to 51 days stock, it was a reflection of the hard work and commitment of all mine employees,” Goyal said while on a visit to Bengaluru.

Goyal, who has also been given the charge of the mines ministry, said the country should look at doubling its mineral output in the next 3 to 4 years and become a net exporter of minerals.

The minister said he had requested Karnataka government to come up with plans for rapid expansion of output of mines and creation of jobs in the state.

“The Central government has been requesting Karnataka government to sort out right of way issues so that transmission lines can be laid out smoothly,” he added. In the last 2 years, the capacity of the Southern grid has been increased by 71 per cent, he said.

Karnataka government had now agreed to provide all assistance to complete these projects, Goyal said, adding, once operational these would help the state in getting additional power.

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