ANI
13 Oct 2021, 00:57 GMT+10
By Naveen KapoorNew Delhi [India], October 13 (ANI): The Centre is all geared up to meet the demand of coal by States and power companies and Railways. The government is ramping up its per day coal production from 1.94 million to 2 million tonnes within a week.
Government sources told ANI, "There is no shortage in daily supply of coal to States and power companies and we are maintaining 5 days stock, in a month's time the situation will be back to normal.""There are multiple reasons for the current scenario. Since January, the Coal Ministry has been writing to various States to pick up and stock coal in their respective states but no one paid heed. Coal India can stock up to a limit, if we stock more coal than limit there is a risk of fire," sources added.
Rajasthan, West Bengal and Jharkhand have their own mines but they did little to extract coal. It is learnt that despite clearances, some of the state governments sat on decision and gave Covid and rains as reasons for not doing enough mining. Prolonged monsoon affected the mining and the shooting prices of imported coal also contributed to the current situation.
There is a 12 per cent fall in imports of foreign coal which power companies blend to cut losses. Due to high prices, they also shifted to domestic coal.
States have huge pending dues of Coal India on them. It is learnt from sources that Maharashtra, Rajasthan, Madhya Pradesh, Karnataka, West Bengal and Tamil Nadu are big defaulters. All States have dues of Rs 20,000 crore to be paid to Coal India.
Government sources said despite large sums of dues, supply continues and we will continue to provide power and coal supplies.
Electrification of villages and industrialisation have also shot up the demand. Government source told ANI that Delhi and Punjab shut coal plants like in Ropar and Bhatinda. (ANI)Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationBATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
Rash- The debt effect of the Big Beautiful Bill, by the numbers
Opinion - Is the weight immigrant children are asked to bear fair?
Brown- Rural health care provider strike puts pressure on Essentia
Assisted suicide was a blessing for my terminally ill brother (Letters)
A guide to help Colorado lawmakers keep their feet out of their mouths