Friday, March 24, 2023

Coal India ready to meet dry fuel demand from power sector – Usky News

New Delhi: Between the beginning of summer and the rise in industrial demand Electricitystate owned Coal India on Tuesday said it is ready to meet the dry fuel demand from the power sector. Public sector coal producer also expressed hope of supply of 156 million tonnes of coal. electric field During the April-June quarter of FY24. This would account for 25.6 per cent of the increased annual dispatch target of 610 million tonnes (MT) set for the sector in 2023-24.
The coal giant said, “Coal India Ltd (CIL) is optimistic about supply of 156 million tonnes of coal to the power sector during the April-June ’23 quarter, amid concerns over pick-up in coal demand.”
CIL, which accounts for over 80 per cent of domestic coal production, is a major supplier of the dry fuel to power generating plants.
Factors in CIL’s favor is the strong build-up of coal stock at 68 MT at the end of the current financial year, up from 57.3 MT as on Monday.
Further, the Maharatna firm will take its production to a higher orbit by maintaining an unprecedented 700 MT production pace, which it is set to achieve by the end of FY23.
A senior company official said in a statement, “Even after planned coal dispatches to power utilities in Q1 FY2024, CIL is likely to have a stock of 50 MT coal by the end of Jun’23. ”
The state-owned coal miner is confident of meeting the 610 million tonne (MT) coal supply target to the power sector in 2023-24. The target is 20 MT more than the requirement of 590 MT initially estimated by the power sector.
Of the total domestic coal demand of 821 MT projected for the power sector in 2023-24, CIL alone aims to account for about three-fourths at 610 MT.
By the end of the current financial year, it is estimated that at least 115 MT of domestic coal will be available for power plants, of which 68 MT at CIL’s pitheads and 32 MT at plant ends.
Coal lying in private washeries, goods sheds, ports and captive mines is about 12 MT. Rake on run, ie coal in transit, is usually 3 metric tonnes of coal. As compared to last year’s 92.7 MT, the availability of coal in the system will be higher at 22.3 MT from the same sources.
“In the current financial year also, the initial target of 565 MT for thermal plants by the power sector in May 2022 was increased to 569.5 MT. Taking the revised target in its stride, CIL on 13th March, 2015 has The same target was met. Supply of 554 MT to the power sector,” the company said.
The company is well on its track to close FY2023 in the power sector with dispatches of over 585 MT which represents a jump of 8.3 per cent from FY22’s 540 MT.
“We are fully aware of the importance of meeting the growing demand from the power sector and will make every effort to meet the same,” the executive said.
The power ministry had earlier directed all thermal plants using imported coal to operate at full capacity from March 16 to June 15 to avoid power shortage.
The directive under Section 11 of the Electricity Act comes amid rising demand for electricity due to above-normal temperatures in many parts of the country.
The order will be valid for generation and supply of electricity from March 16, 2023, to June 15, 2023, said the notice sent to 15 thermal plants using imported coal.


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