CIL’s priority is to ensure that the plants are well supplied with coal

China's state planner freezes irregular coal price-rising behavior

“Coal India’s priority is to ensure that the nation’s power plants are well stocked with domestic coal and the country gets power at just price. The aim should be to securitise energy at least cost,” Agrawal said and asked the employees to treat the targets as “sacrosanct”.

Stating that ensuring adequate fuel supply to thermal power plants is its “priority”, public sector miner Coal India has requested that its representatives increase efforts and breach the creation and offtake target of 700 million tonnes for FY23. In a letter to the workers of Coal India Limited (CIL), the organization’s chairman-cum-managing director Pramod Agrawal said that the organization’s need is to ensure that the power generating units are very much supplied with domestic fuel in the midst of the continuous power shortage. The country, he expressed, admires Coal India for fuelling its energy needs.

“Do not let any complacency seep in. Drawing inspiration from the performance of FY22, let us consolidate it further in FY23 to breach the 700 MT output and offtake targets,” the CMD said.

“It then becomes not only our responsibility but a corporate obligation to live up to that great expectation,” he added.

Every year throws up new challenges and new difficulties, Agrawal said and asked his employees to be prepared to face them.

“There is no way of skirting around the issue,” he said.

The company’s supplies to the power sector during FY22 soared to an all-time high of 540.4 MT with a whopping 95.4 MT volume surge compared to FY21.

“The increase in one year is higher than the collective growth of 91.2 MT achieved during the previous seven-year period,” the CMD said.

CIL’s total offtake peaked to a record high of 662 MT in FY22, reflecting a sharp 15.3 per cent growth over FY21. The FY22 supplies also took a leap of 13.7 per cent and nine per cent against pandemic-free fiscals of 2019-20 and 2018-19, respectively. The 87.4 MT annual increment in FY22 is more than the combined rise of 85.1 MT of last six years.

Coal Secretary A K Jain had earlier said that the ongoing power crisis is mainly on account of the sharp decline in electricity generation from different fuel sources, and not due to the non-availability of domestic coal. Jain had attributed the low coal stocks at power plants to several factors such as increased power demand due to the boom in the economy post-COVID-19, early onset of summer, rise in the price of gas and imported coal and sharp fall in electricity generation by coastal thermal power plants.

“It is not a coal crisis but a power demand-supply mismatch… The power demand has registered an upswing as the economy has bounced back, summers have arrived early and the price of gas and imported coal have shot up sharply,” Jain had explained. He further said that the gas-based power generation which has fallen drastically in the country has aggravated the crisis.

“Some of the thermal power plants in India were built along the coast so that imported coal could be used, brought from nearby countries like Indonesia… But with the sharp rise in the price of imported coal, they have reduced the imports,” Jain had said. Coastal thermal power plants are now generating around half of their capacity because of the sharp rise in the prices of imported coal. This has resulted in a gap between the demand and supply of electricity.

The secretary had further said that states located in the south and west have been dependent on imported coal. And when domestic coal is dispatched through wagons/rakes to the domestic coal-based plants in these states to make up for the loss in imported coal generation, the turnaround time of rakes is more than 10 days, which creates rake availability issues for other plants. Since last year, the railways has loaded more coal than ever, even by curtailing rake supply to other sectors to meet the enhanced demand of the power sector. There was good loading of rakes in March.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Authorities help recover stolen phone
Authorities help recover stolen phone
9:22 p.m. – Deputies were dispatched to a Jasper Township residence in reference to a 25-year-old man reporting a vehicle missing from a deceased family ...
The Cycle: Frontier will be available on Steam and the Epic Games Store in June
The Cycle: Frontier will be available on Steam and the Epic Games Store in June
The Cycle: Frontier is described by its creators as a “PvPvE extraction shooter.” Players venture to the alien planet Fortuna 3 as prospectors, where they ...
FOREX-Safe Haven Dollar Rises as Australian Dollar Falls as a Result of Snapchat Scandal
FOREX-Safe Haven Dollar Rises as Australian Dollar Falls as a Result of Snapchat Scandal
U.S. stock futures indicated a 0.81% slide for the S&P 500 and 1.41% tumble for the Nasdaq at the restart, tarnishing a strong session on Monday that saw ...
For that solo VR headset experience, Zotac PC goes Ghostbusters
For that solo VR headset experience, Zotac PC goes Ghostbusters
Revealed at Computex, the VR headset compatible rucksack rig aims to provide an immersive gaming PC experience. Naturally, carrying it around with you means ...
Piyush Goyal encourages Indian companies to increase their value-added exports
Piyush Goyal encourages Indian companies to increase their value-added exports
Quoting the Prime Minister, Shri Narendra Modi, Shri Goyal said that India amongst all these problems is an oasis that reflects transparency, offers trust ...
EU leaders reiterate their willingness to impose new sanctions on Russia and Belarus
EU leaders reiterate their willingness to impose new sanctions on Russia and Belarus
According to the statement, the European Council calls on all countries to align with those sanctions. “Any attempts to circumvent sanctions or to aid Russia ...
Satcom Direct FlexExec demos Intelsat Satcom
Satcom Direct FlexExec demos Intelsat Satcom
Last month, the FAA approved supplemental type certificates (STCs) for installation of the Plane Simple system in the Gulfstream G550, G450, GV, and GIV. In ...
OLECTRA receives its biggest order ever
OLECTRA receives its biggest order ever
Commenting on this occasion, KV Pradeep, Chairman and Managing Director, Olectra Greentech Limited, said, “We feel happy to receive this biggest order from ...
In 2023, For the King II will be released for PC
In 2023, For the King II will be released for PC
Hello, fellow readers! If you want to get in touch with us and participate in our discussion boards, make sure you visit our Forums. We are more than sure ...
Pfizer will provide low-cost drugs and vaccines to developing countries
Pfizer will provide low-cost drugs and vaccines to developing countries
New York-based Pfizer will charge only manufacturing costs and “minimal” distribution expenses, Eisele said. It will comply with any sanctions and all other ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo