Power sector may import 48MT coal in FY’17 – Feedback

Power sector may import 48 million tonnes of coal in the ongoing fiscal for plants which need coal from overseas market.

“As per the information received from Central Electricity Authority, 48 mt (million tonnes) of coal is expected to be imported by power sector for import-based coal plants in 2016-17,” Minister of State for Power and Coal Piyush Goyal said in a written reply in the Rajya Sabha. The minister further said that according to the Geological Survey of India, the assessed coal resources up to a depth of 1,200 metres as on April 1, 2015, are 306.595 billion tonnes (BT), of which the proved reserves are about 132 BT, or 43%. At the current rate of coal production of about 0.64 BT per annum, the reserves are envisaged to last for over 100 years, he said. India has both coking and non-coking coals. The grade of coking coal varies from steel grade-I to Washery Grade-IV and semi-coking coal grade-I to Grade-II.

http://www.business-standard.com/article/pti-stories/power-sector-may-import-48mt-coal-in-fy-17-116050200558_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *