India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry.
While the government will not regulate prices, marketing or sale of coal, and minimum production from the commercial coal mines will be specified
Managing Director B Sreedhar issued a clarification stating coal is being procured from SCCL at 20 per cent over the notified price for power sector
The Prakash portal – ‘Power Rail Koyla Availability through Supply Harmony’, will enable all stakeholders to monitor coal supply.
The flooding at the Dipka mine could leave some power plants in eastern and central India scrambling for fuel.
Sources said that chief minister YS Jaganmohan Reddy has called up his Telangana counterpart K Chandrashekar Rao and requested him to double the coal supply from Singareni
Presently Singareni extracts 680 lakh tonnes of coal from its 48 mines but 200 lakh tonnes of coal can be extracted from this mine alone, said SCCL chairman
He urged the minister to facilitate in providing 15-20 racks of coal to the state to meet power requirement and avoid any situation of power crisis
An executive of NTPC said the plants at Talcher (3,000 MW), Sipat (2,980 MW), Korba (2,600 MW) and Kahalgaon (2,340 MW) are likely to be affected by the strike as their coal stocks are low
At present, there are nine nuclear power reactors at various stages of construction” that are targeted for completion by 2024-25.
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