Business Daily from THE HINDU group of publications
Tuesday, October 14, 2008
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Business Daily from THE HINDU group of publications Tuesday, October 14, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1615 hrs (IST)
Industry Govt to import 20 MT of coal NEW DELHI: The Government on Tuesday said that it will import 20 million tonnes (MT) of coal in this financial year to meet the demand of the fuel. “Whenever there is coal shortage, we expedite the fuel imports,” Power Secretary Mr Anil Razdan said here adding “we would import 20 million tonnes of coal in FY'09”. “Punjab has reported coal shortage, we are looking into the matter,” he added. The state-run power generator NTPC, which is the largest consumer of coal, is importing 8.2 million tonnes (MT) of fuel to overcome the coal shortage. The total annual coal requirement of the company for this year has been assessed at 125 MT. NTPC lost Rs 94 crore in the current fiscal due to lower generation at various plants including Rihand, Vindhyachal, Farakka, Kahalgaon and Talher, as it faced a shortfall of 10-12 MT of coal a year. R S Sharma, Chairman and Managing Director of the company had written to the power ministry in July this year urging fast track measures to deal with the crisis. Power generation loss at various units due to coal shortage include 130 Million Units (MU) at Rihand, 49 MUs at Vindhyachal, 332 MUs at Farakka, 54 MUs at Kahagaon and 155 MUs at Talher plants of the company, Mr Sharma wrote in the letter. - PTI
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