The coal non-solution

Apart from saddling Coal India Limited (CIL) with the responsibility of importing around 50-60 million tonnes of coal to meet at least 80% of the demand of 50,000 MW of power capacity (this requires 200 million tonnes of coal at 100% utilisation but CIL already supplies around 100 million right now), it’s not quite clear how the PMO-brokered solution to the coal-power crisis hopes to help. CIL, as the PMO has noted, has failed to deliver on the coal needs of the power sector and, apart from supplying just 50% of the needs of various power plants, has not even signed new fuel supply agreements for the last 3 years.

Read Full Story>>