By March-end, coal stocks solely at thermal power plants will be increased to 45 MT from the current 43 MT, the Union minister for coal said.
During April-October 2023, the average growth in coal-based generation, with respect to corresponding period of FY 23, was 8.6 percent and the depletion in DCB plants stocks was 15.3 million tons (MT), Singh said
Coal India Limited (CIL) informed that more than 20 abandoned mines have been identified for evaluation and feasibility study for pumped storage projects.
Acting on the shortage, the Ministry of Power on October 25 directed all thermal generating stations, including Independent Power Producers, to mandatorily blend imported coal at 6 percent of their total capacity till March 2024. Until now, the mandate was limited to 4 percent.
The eight-month long extension has been directed by the Ministry of Power owing to a surge in electricity demand, inadequate supply of domestic coal and reduced hydropower generation.
Unusual weather conditions have extended the hot months into August-September, causing a strain on the power generating resources of the country. The government has made policy adjustments to meet the shortfall in supply.
Coal ministry data showed that there has been a significant 53.13 percent decline in the import of thermal coal for domestic coal-based power plants for blending from 19.2 million tons (MT) in April-August, 2022 to 9 MT in April-August, 2023.
Given the country’s growing shift to renewable energy, the coal ministry has decided to foray into thermal power plants, and not just mine coal.
About 35 million tonnes (MT) of coal are stocked at thermal power plants.
The coal stock situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 32 had critical stocks. Last year at this time, the number of such plants was around 96.
It is noted that the shortfall between the daily coal consumption and the daily arrival of domestic coal is ranging from 3 Lakh Tones per day to 1 Lakh Tonnes per day, the ministry said.
DVC, which has mostly been an electricity generator, now getting back into coal production signifies India’s renewed thrust on expanding its thermal power generation capacity to meet its growing demand.
Energy supply concerns in India have heightened amid low inventories of coal. Coal-fired power plants only have on average enough stocks to last 10 days, Capital Economics said.
India would add power generation capacity of 165.3 gigawatts (GW) over five years ending March 2027, most of which would be renewable energy, according to the plan
The power cuts are costing South Africa well over $40 million per day and deterring investment, say economists. South Africa's economy, Africa's most developed, is already in recession and is suffering a 35% unemployment rate.
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Power Minister Satyendar Jain held an emergency meeting to assess the situation and wrote to the Centre requesting it to ensure adequate coal availability to power plants that supply electricity to the national capital.