Coal Ministry will fulfill 874 MT coal requirement for power sector in FY25

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Coal Ministry will fulfill 874 MT coal requirement for power sector in FY25

Notification 13 Mar 2024 02:47 PM IST moneycontrol

According to the Union Minister Pralhad Joshi, the coal ministry is geared up to fulfill the 874 million tonnes (MT) coal need for the power industry in financial year 2024-25. For the financial year ending March 31, the Power Ministry had placed a requirement of 821 MT, Joshi commented on the sidelines of the release of 'PM Gati Shakti National Master Plan in Coal Sector' booklet.

Their (power ministry's) demand has been met. They had asked for 821 MT and it has been supplied, the Minister said. "For FY25, the power ministry has asked for 874 million tonnes of coal. We will fulfill this requirement also. We are going to cross 1 billion tonne coal production by this March," he said.

The share of imported coal for blending purposes has gone down this fiscal compared to last financial year, Joshi said. In FY24, coal import for blending was around 22.20 MT, while it was at 30.80 MT in the financial year 2022-23, he said. Savings to the tune of ₹82,264 crores had been made through the reduction of coal imports in just one year, Joshi said.

The government's plan is to make the import of coal to 'nil' by 2026. The coal ministry is also involved with the Ministry of Railways for availability of rakes, Joshi said. The average availability of rakes for transportation of coal has also improved from 369 rakes per day last fiscal to 392 rakes/a day till date, the minister said.

The availability of rakes will improve accordingly this year as well, he said. On the release of the booklet, Joshi said "it will ensure seamless utilisation of information on PM Gati Shakti projects. It has information related to various projects, cases needing prompt resolution."

There are also two applications to identify land for development purposes and provide potential coal block information to investors, he said, adding this will streamline land use and enhance investments into coal mining projects.

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