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Thermal coal imports rise 24% to 33 MT at 12 ports: Report

By Religare
|

The Indian Government has said that imports of thermal coal has increased 24 per cent at the country's top 12 major ports to 32.54 million tonnes (MT) during the April-July period this year, media reported.

As per reports, the 12 ports had handled 26.29 MT of coal during the same period of the last fiscal.

Thermal coal is the backbone of India's energy programme as 70 per cent of power generation is dependent on the dry fuel. Thermal coal is used in power generation and with the world's largest miner Coal India, which accounts for over 80 per cent of the domestic requirement consistently failing to meet its target as well as demand of the firms, the power plants had to resort to imports.

 

India is the third-largest producer of coal, after China and the US, and has 299 billion tonnes of resources and 123 billion tonnes of proven reserves, which may last for over 100 years.

As per reports, the Indian Government is planning to boost Coal India's annual production to the level of 1 billion tonnes by 2019 to meet growing fuel demand.

Story first published: Tuesday, August 25, 2015, 12:20 [IST]
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