Financial Daily from THE HINDU group of publications
Thursday, Dec 22, 2005
Financial Daily from THE HINDU group of publications Thursday, Dec 22, 2005 |
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Coal Industry & Economy - Power Coal India may cut output as stocks pile up at power plants Our Bureau
New Delhi , Dec 21 COAL India Ltd (CIL) is likely to cut down production following piling up of stocks at the thermal power plants as well as the pitheads of several mines. This is because hydel power generation has increased due to the heavy rains in southern India. As a result, the share of thermal power in the total power generation - which has not suffered - has come down. CIL sources said that while the standing stocks in the plants usually remains at 9-10 million tonnes, the stock currently lying at the plants amount to around 15 million tonnes. "As a result, these plants are not lifting the coal they are allotted, following which the stock at pitheads too have jumped up from 12-13 million tonnes to 17 million tonnes," officials said. "If the stocks are not cleared, it will eventually affect output and may be there would be forced production cuts," they added. The officials also said that mainly, the power plants under the Tamil Nadu Electricity Board (TNEB) and APGENCO are reluctant to draw coal as per their linkages. Even the plants at Farakka in West Bengal and Kahalgaon in Bihar are not drawing the coal allotted to them.
Related Stories: More Stories on : Coal | Power
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