India Asks Government-owned Power Plants to Stop Importing Coal
- Published: Monday, 11 July 2016 15:29
According to an official in the Ministry of Coal, the Indian goverment has issued a directive to all thermal power generating companies owned and operated by the federal and state governments to stop importing coal feedstock for their plants in a bid to tide over mounting coal stocks with Coal India Ltd. (CIL), which accounted for more than 80% of domestic coal supplies. He said CIL has sufficient stocks of coal to meet entire thermal coal demand and power generating companies did not need to meet their requirements through imports. He said the government put in place an effective process of auctioning coal for private companies and 8 million metric tons (mt) per month would be offered to the power sector where electricity tariffs were regulated.