Policy for surplus coal availability for power plants in works

NEW DELHI: The government is working on a policy to ensure power plants have surplus availability of coal, Union Minister Piyush Goyal said today.

To a query on whether the government proposes to formulate a policy to ensure surplus availability of coal for power plants, Goyal replied in the affirmative.

"A policy for allocation of coal to the power sector is under formulation," Goyal, who holds coal and power portfolio, said in a written response to the query in the Lok Sabha.

Speaking of the declining trend in coal import, the minister said that in April-January of 2016-17, import of the fossil fuel fell 2.59 per cent compared to a year ago.

Because of increased production, coal import slumped to 199.88 mt in 2015-16, from 217.78 mt in 2014-15.

However, it is not solely dependent on domestic production, which is also linked to other factors, including insufficient availability of coking coal of the required grade.

As per the International Energy Agency (IEA), India is the third-largest producer and second-largest importer of coal in 2014 in the world, the minister said.

Goyal further said technology development is a continuous process and the government has laid emphasis on updating technologies by coal companies.

"Coal companies have already adopted appropriate technologies for coal mining as well pre-processing of coal. With regard to combustion of coals for power generation, the power sector has also adopted high efficient low emission technologies like super critical technology in line with the policy of the government to reduce emissions and improve efficiency," he said.
Stay on top of business news with The Economic Times App. Download it Now!
DON'T MISSany stories, follow us on TwitterFollow
FROM AROUND THE WEB

Great fares to Scotland with Etihad Airways

Visit Scotland

Where the wild meets the modern

SOTC

Watch 2 Broke Girls online-Amazon Prime Video

Amazon Prime Video

MORE FROM ECONOMIC TIMES

6 interesting things about the new UP CM, Yogi Adityanath

7 secrets that make Marwaris so good in business

Actress Kalpana given state funeral, celebrities pay homage

From Around the WebMore from The Economic Times

Feeling thirsty? Order drinks on holachef

HolaChef

Wadhwa Home Carnival Rates are Back! Book Now

Wadhwa Promenade

Incredible credit card offers you shouldn't miss. Apply now!

BankBazaar

A husband-wife’s discussion simplifies Term Insurance!

MAX LIFE INSURANCE

Meet India's next generation of business tycoons

6 interesting facts about the new UP CM, Yogi Adityanath

UK Parliament terror attack: What we know so far

September 30, 2016