Coal news and updates

Ample coal reserves ensure power plant stability during monsoon

As the monsoon continues, India's power plants receive a boost in stability with an assurance from Coal and Mines Minister Pralhad Joshi. Following a recent assessment of coal availability, it has been confirmed that an abundant supply of dry fuel is in place to cater to the needs of coal-based power facilities.

With a keen focus on maintaining energy security, Tuesday's meeting will include coal ministry officials and a comprehensive review of dry fuel stocks within different subsidiaries. Notably, there's no cause for immediate concern as the nation boasts a significant coal inventory. Presently, thermal power plants hold 30 million tonnes, while coal mines possess 47 million tonnes, totaling a substantial 77 million tonnes of dry fuel. Even with a 40-day span remaining in the monsoon season, a minimum of 1.5 million tonnes of coal is guaranteed to be accessible, according to an inside source.

Anticipating a favourable outlook, the source explains that approximately 6 million tonnes will remain accessible by the end of the monsoon season, exceeding the requirements of coal-based power plants. Minister Pralhad Joshi's recent review with officials from Coal India Limited (CIL) and Singareni Collieries Company Limited (SCCL) has confirmed their ability to meet power plant demands during the rainy period.

CIL, demonstrating robust performance, has recorded a historic daily dispatch of 3.68 lakh tonnes to the non-power sector. Its overall offtake reached 85.2 million tonnes, marking a substantial 10 per cent increase from the previous year. Similarly, SCCL achieved a noteworthy 12.6 per cent growth this fiscal year, dispatching 25.1 million tonnes of coal. Both companies have impressively surpassed their production targets, further ensuring energy stability amid ongoing weather challenges.

As the monsoon season progresses, India's coal sector demonstrates its resilience and capacity to uphold a consistent power supply.