Coal News We love to talk!

AUG 06 2014

Piyush Goyal asks CIL for action plan to augment output by 150 million tonnes

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 06th AUG 2014

Coal and Power Minister Piyush Goyal has directed state-owned CIL and its subsidiaries to submit an immediate action plan to augment their output by 150 million tonnes (MT) within a year.

"Minister of State for Coal...directed CIL and its subsidiaries to submit an immediate action plan for enhancement of coal production by 150 million tonnes within one year .i.e June 2015," an official source said.

The minister assured all support to Coal India Ltd (CIL) in this regard. He also asked coal companies to draw the demand-supply graphs of coal after taking realistic inputs from the Central Electricity Authority (CEA).

The Minister has asked coal companies to evolve a mechanism for augmentation of production and the requisite quantity and quality to be supplied to the power stations, which has already been set up, the source said.

Coal India's mine planning & consultancy company CMPDIL is of the view that the addition of 150 MT coal production in one year would require additional evacuation facilities.

State-owned CIL, which accounts for over 80 per cent of domestic coal production, achieved an output of 33.1 MT in July, missing its target of 35.80 MT. CIL had missed its output target of 482 million tonnes for 2013-14, producing 462 million tonnes during the period.

Production fell short of target because of various reasons, including lack of environment clearance to coal mining projects. In 2012-13, the company produced 452.5 million tonnes of coal, falling short of the 464 MT target.

Coal India's production target for 2014-15 has been set at 507 MT, while the offtake target is 520 MT.

Tags

Coal Coal India Limited Central Electricity Authority Minister of State CIL Power coal mining Electricity India MP

Related News

  • MP: Extension of control period beyond 31.03.2014 in respect of tariff for solar based power projects  Read more
  • Coal India production grows 5.5 per cent in January  Read more
  • JP Morgan-backed Leap Green Energy set to buy Inox Renewables Windfarms  Read more
  • Gas pooling: SC to consider Essars plea in December  Read more
  • Coal shortage cripples 1,500 MW generation capacity at NTPC plants  Read more
  • GAIL fire probe: 22 would not have died in pipeline blast had safety features been installed  Read more
  • Will low tariffs eclipse Indias solar run?  Read more
  • Meghalaya's power dues touch Rs 473.85 cr  Read more
  • A third of new cars sold by 2040 may be electric: report  Read more
  • How Yogi Adityanath becoming CM will bring affordable power for all in Uttar Pradesh  Read more