Coal News We love to talk!
Coal stocks at power plants continue to be low at a fifth of the monitored power plants, giving an opportunity to gas-based projects to operate.
Data available with the Central Electricity Authority showed that 23 of the 114 plants had low coal stocks, much higher than just three a year ago. This was the case despite Coal India posting the highest increase in a month in four years.
CEA data showed that capacity utilisation of gas-based plants improved to 25% in September from 22% in the previous month. Hydro-generation in September was 17% lower than targets and nuclear 24%.
Coal stocks have dropped as the country ramped up coal-based generation to meet the deficit arising out of low generation from hydro, nuclear and renewable power plants. Irrigational demand and warmer weather conditions have also led to higher power demand. Power companies had earlier not maintained adequate coal stocks since they did not anticipate the deficit arising out of lesser power supply from other sources, government officials said.
A Coal India official said that although there was an impressive growth in output, coal offtake by power sector grew at more than double the pace at 21%. “CIL recorded 10.1% growth in coal production in September. As a result, cumulative growth of production till September turned positive, after staying negative till August during this financial year,” said the official, requesting not to be identified. Despite first two days of October being holidays, there has been a growth of 8.9% in coal production, so far, which is likely to go up further during the month, he said.
- Essel, Rajasthan govt ink Rs4,000 crore pact for solar parks Read more
- Tata Power digs original plan, now keen on shore-based power plant Read more
- India power lines to get $1.2 billion German revamp with KfW Read more
- Farmers rally to protest electricity tariff hike Read more
- OERC directs NESCO to comply with order of Ombudsman-II Read more
- Coal India shelves 36 projects in Maharashtra Read more
- Hindalco wins Kathautia mine for Rs 2,860/tonne Read more
- Power Grid Corp approves investment worth Rs 5,548-crore Power Grid Corp approves investment worth Rs 5,548-crore Read more
- Panel for evaluating hydro PSU merger plan says it is unviable Read more
- Power prices slide to Rs 1 per unit as Coal India steps up supply Read more