News Update

Jeff Bezos again topples Musk as world’s richest personIndia reiterates two-state solution on Gaza dispute39 killed in heavy rains and snowfall in AfghanistanChina sets 5% economic growth target for 2024CBDT promoting Voluntary Compliance through e-Verification Scheme-2021Houthi Minister says commercial ships entering Yemini waters need to take permitsST - Issuance of a consignment note is essential condition for classifying an activity under GTA Service; tax demand raised thereunder is not tenable where no consignment note is issued: CESTATMoD inks MoU with BEML, BEL & MIDHANI for indigenous development of Advanced Fuelling SystemCus - A final order does not get invalidated simply because in a related matter which was cause of initiation of action in the present proceedings, has now been remanded: CESTATMinister of Steel inaugurates India's 1st Green Hydrogen Plant in Stainless Steel SectorCus - Exemption under Notification No. 12/2012-CE is rightly denied in respect of goods which are imported & also not consumed in factory of production: CESTATRAV's Lifetime Achievement Awards Given to three Stalwarts of AyurvedaDelhi Govt Budget proposes Rs 1000 per month for womenCX - Reversal of Cenvat Credit is not warranted in terms of CCR, 2004, when by-product Bagasse is cleared from factory without payment of duty: CESTATKharge alleges BJP Govt banning exports of agri products to favour industrialists5 killed as car bangs into roadside tree in TelanganaPM to leave on 5-state tour today; to announce projects worth Rs 1.1 lakh CroreFM to inaugurate National Conference of Enforcement Chiefs of State and Central GST formationsST - In case of slump sale, there is no question of providing any service as per s.65(92) as well as s.65(55b) of the Finance Act, 1994: HC
 
Coal Ministry plans 1404 Million Tonne production by 2027

By TIOL News Service

NEW DELHI, NOV 14, 2023: THE Ministry of Coal has plans to produce 1404 million tonne (MT) of coal by year 2027 and 1577 MT by year 2030, at current level production of about one billion tonne per annum.  The coal to be supplied to domestic coal-based power plant is around 821 MT for the current year.

The Ministry of Coal has taken note of the additional coal requirement for supplying to additional 80 GW thermal capacity to be added in the country by 2030.  The coal requirement for additional thermal capacity would be around 400 MT at 85% PLF, and the actual requirement may be lower depending on the generation requirements in the coming times due to contributions from renewable sources.

Ministry of Coal has plans to produce additional quantity of coal in its production enhancement plan and  will ensure adequate availability of domestic coal to thermal power plants.

Production plan includes opening of new mines, expansion of mines capacity and production from captive/commercial mines.  All these three operational components are contributing and have clear plans for further enhancement.   The production plans for year 2027 and 2030 will far exceed the likely domestic requirement of thermal power plants in the country, including that for likely additional capacity.

As regards coal situation for the current year, stocks have started building up and the coal stock at the thermal power plants is now around 20 MT and at the mines it is 41.59MT. The total stock (including transit and captive mines) is 73.56 MT as compared to 65.56 MT during last year, showing growth of 12% (year-on-year).

The Ministries of Coal, Power and Railways are working in close co-ordination.  Accordingly smooth coal supplies have been maintained.  It is to be noted that lowest TPP stock for this year was on 16.10.23, thereafter stock building at thermal power plants and mine end has started building up.   The growth in power generation for domestic coal based plant is 8.99% while the growth in coal production is 13.02% on yearly basis (till date). It is further to be noted that during last three months, demand for thermal power has grown over 20% of last year.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023