India misses coal target again, will depend more on imports


The coal ministry will scale down it its production target of 795 million tones in 2016-17 as it expects problems in environment clearances and rail connectivity.The coal ministry will scale down it its production target of 795 million tones in 2016-17 as it expects problems in environment clearances and rail connectivity. 

NEW DELHI: India’s dependence on imported coal will continue to rise as output will fall short of targets. The coal ministry will scale down it its production target of 795 million tones in 2016-17 as it expects problems in environment clearances and rail connectivity. 

 

The government’s decision to de-allocate several coal blocks in past couple of years to private firms would also have an impact. Some experts say the de-allocation may hurt growth in production but on the other hand blocks that were not developed at all can start production if they are transparently auctioned after cancellation. Coal ministry will discuss its concerns with Planning Commission during the mid-term appraisal after the new government comes into power. The country is facing a coal shortage and rising prices of imported coal. Several power producers are seeking higher tariff to cover their losses as coal costs rose unexpectedly in September 2011 due to a change in law in Indonesia, India’s largest source for coal imports.
India misses coal target again, will depend more on imports

SOURCE: http://economictimes.indiatimes.com/
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Categorised in: Import/Export, Mining

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