India faces a problem of plenty as coal production rises

India was sitting on a coal stock of 42.25 Mte at the start of February, an increase of 3.2 Mte at the same point last year, as Coal India (CIL) dug faster to more than double production by 2020.

Power Minister Piyush Goyal told parliament in a written reply that supply of thermal coal to power sector by CIL was 385.61 Mte against a target of 405 Mte in 2014-15. During April-January, 2015-16, supply of coal to power plants by CIL was a provisional 337.01 Mte against the target of 352.29 Mte, or 96 percent of the target.

CIL is able to meet the current demand and TPPs have comfortable coal stock position of 36 MT equivalent of 24 days requirement as on February 22, the minister said.

The Minister further stated that to facilitate liquidation of pit head coal stock CIL has offered 10 MT and 4 MT of coal under special e-auction to power Sector and non-power sector consumers respectively, in line with directions of the government.

Subsidiaries of CIL have also been advised to make all out efforts to enhance dispatches through all modes to consumers as per commitment, the minister added.

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