2 years, 5 months ago
India to import 76 mt coal; will spark power tariff hike
Live MintIndia has firmed up a plan to import around 76 million tonnes of coal to help plug a fossil fuel shortfall at its power plants in the current financial year. With the monsoon expected to affect India’s coal production and supplies to power plants in August and September, state-run Coal India Ltd will import 15 mt to supply to power stations. India has decided to adopt the import route because domestic coal supplies will not be able to meet the daily fuel requirement of power plants during the critical months of August, September and October. Of the 173 power plants that CEA tracks, seven imported coal based power plants and 51 domestic coal based plants have critical fuel stock levels.
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