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Captive power producers have alleged that they are getting only 15-30 per cent of their coal requirements since April this year.
Speaking to reporters, the Chairman of Indian Captive Power Producers' Association, Rahul Sharma, said, “The coal shortage has made it difficult to service the $15-billion debt of ancillary industries. On an average, captive power plant-based industries, such as aluminium and others, are getting less than 50 per cent of the coal against secured linkages and annual contracted quantity since April this year.”
“The delivery of 280 rakes of coal is pending and that amounts to nearly 3.60 lakh tonnes of coal that the CPP industry is awaiting,” Sharma added.
According to an ICPPA statement, there is an installed capacity of 40,000 MW of captive power plants in the country. “The average plant load factor is as low as 15 per cent across the sector due to coal supply shortfall,” the ICPPA Secretary, Rajiv Agarwal, said.
“The industry needs to run its power plants at a minimum plant load factor of 75 per cent to service the debt. Further, due to non-supply of coal, CPPs are forced to procure coal from alternate sources in the spot market at high prices, further aggravating the financial burden,” Sharma said.
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