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Coal stocks dip on short supply, higher power generation

Coal stocks dip on short supply, higher power generation”

Coal Ministry is actively looking to redress the situation. CIL has also been directed that coal loading via railway rakes shall be hiked to 250 rakes/per day, it said, adding that "of these, 225 rakes per day shall be supplied to the power sector". For every power plant, one subsidiary of CIL has been assigned the role of lead company.

"With government's efforts to push renewable energy due to worldwide conventions on climate change, increase in carbon cess and other initiatives for lesser use of coal, there is a need for Vision 2030 for the coal sector, which takes into account the environmental factors such as reduction of carbon footprint, " CIL said.

A plea has been made to the Railways to position these rakes in consultation with the arms of CIL, the ministry said.

In addition, the company has also envisaged investment of Rs 6,500 crore in 2017-18 for development of railway infrastructure project, solar power, coal bed methane, revival of fertiliser plants and for acquisitions of domestic coal blocks and coal blocks overseas. "CIL shall also request ministry of power to direct the pithead TPPs to augment coal supplies through this route", the statement said.

Betting on the "core competency" in mining, coal behemoth Coal India Ltd (CIL) is intending to foray into metal mining of iron ore, bauxite, copper and nickel, an official said on Wednesday.

Coal Secretary Susheel Kumar today reviewed the coal supply position for thermal power plants in the country in a meeting attended by Chairman and Managing Director (CMD) of state-owned Coal India Limited (CIL) Gopal Singh along with the CMDs of the subsidiary companies of CIL. "We want to enter into metal mining like iron ore, bauxite and also plan to acquire some mines.Do mining activities overseas in the field of copper and nickel", Coal India director (marketing) S N Prasad said at a coal seminar.



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