poojap
Jul 30 th, 2018

Import NewsNo Comments

Mr. Piyush Goyal, the Coal Minister of the country, cleared that the decision of the Union Power Ministry to let states import coal is only for time being and temporary.

The minister told that “We are constantly trying to ramp up production. Allowing states to import coal is temporary in nature. He gave this statement when he was asked regarding the call of Union ministry to the states to import coal as the power units are facing coal shortage.

Just a while ago the Union Power Minister R K Singh had allowed the states to import coal as the coal shortage was red flagged in power plants for the next 2-3 years.

Goyal also said that a steady growth has been seen in the coal production and dispatches within the country and so though most of the demand is met there will be times when the imports might be required if there is any sudden surge in demand by states.

Mr. Goyal further added that a 15.2% growth was recorded in the coal production in the first quarter of the year 2018 which ended in June 2018. The coal production reached 136.87 million tonnes and the coal sent to power plants increase by 15.4% reaching to 122.84 million tonnes in the same quarter. This increase in domestic coal supply reduced the coal imports by almost 15% during April-May time period this year.

Read More Latest News

Be the first to post a comment.

Add a comment

Join 15K Subscriber
SUBSCRIBE NOW

Get Latest Import Export News in your Inbox

Stay updated with all latest updates,upcoming events & much more.
Get the latest Exim News in your inbox
Subscribe
Join 15K subscribers

Stay Connected!

Get latest import export news delivered straight to your inbox!
SUBSCRIBE