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New UserGovernment power companies may not import coal in FY18
12 May 2017
State-owned power plants imported around 12 million tonne of coal during 2016-17, less than a quarter of the volume
imported in the previous fiscal and far less than the anticipated 25 million tonne expected during the year.
This year, it is expected to turn zero as these companies have decided to stop imports. According to figures compiled
by the Central Electricity Authority, the state sector power companies imported around 7 million tonne during 2016-17
while the central sector generators imported around 5 million tonne.
“It was the effect of adequate availability of coal from Coal IndiaBSE 0.75 % and the government’s thrust on reducing
import dependency,” said an analyst.
Jayanta Roy, senior vice president at ICRA, said: “In 2017-18, imports for power plants are expected to fall further as
Coal India is favourably placed to cater to increased demand. Reduction in imports in 2016-17 has been the result of
three main developments. It included less than anticipated demand for power resulting in lesser power generation. It
translated into lower coal offtake and substantial stock accretion at plants and at pitheads. This prompted Coal India
to cut back production. In the absence of any constraint on supplies, Coal India is better placed to cater to demand
rise, if any, this year.”
Source: Economic Times