Centre asks generating companies to reduce coal import, source domestic fuel


Centre asks generating companies to reduce coal import, source domestic fuel
Image Source : PTI

Centre asks generating companies to reduce coal import, source domestic fuel

The Centre has requested generating companies, together with NTPC, Tata Power, Reliance Power to reduce the import of dry-fuel for mixing functions and change it with domestic coal, an official stated. The improvement assumes significance within the wake of Prime Minister Narendra Modi yesterday giving instructions to goal thermal coal import substitution, significantly when an enormous coal inventory stock is on the market within the nation this yr.

“All the generating companies (Gencos) who are importing coal for blending purposes may make best efforts to replace their imports with domestic coal,” an official stated.

The authorities additionally stated that in case the generating companies discover issue in getting the requisite amount and high quality of coal from the coal companies or logistics bottleneck the matter could also be introduced within the information of the Centre.

The matter might be taken up with the suitable establishment in order that the issue could be resolved, the official stated. Thermal energy vegetation have been exhorted to import coal for mixing functions, if and provided that, the requisite amount and high quality of domestic coal is just not made obtainable, the official stated.

On one hand, the nation has greater than sufficient coal inventory whereas then again it’s grappling with falling energy demand due to coronavirus-induced lockdown.
Coal Minister Pralhad Joshi had final month written to state chief ministers asking them not to import dry-fuel and take domestic provide of fuel from state-owned Coal India Ltd (CIL), which has the fossil fuel in abundance.

In a bid to give a lift to coal demand hit by the continued lockdown, the federal government has additionally introduced a slew of measures like elevated dry-fuel provide for linkage shoppers. Joshi had additionally introduced a number of reduction measures for CIL shoppers, together with the facility sector, within the wake of scenario arising from coronavirus. The ministry additionally accepted leisure in amount of coal for linkage shoppers. 

Latest Business News

Fight against Coronavirus: Full coverage



Please enter your comment!
Please enter your name here