The world’s largest coal mining company, run by the Government of India, will import fuel coal for use by power generation companies in the country.

This is the information released by the Ministry of Electricity of India in the context of a coal shortage that has raised concerns about continued power outages.

This will be the first time since 2015 that Coal India Company imports fuel coal, thereby highlighting the active efforts of the Indian federal government and states to avoid a repeat of the status quo in April. , as the country faces its worst power cut in more than six years.

“Coal India Company will import coal to supply thermal power plants belonging to state-owned power generation companies and independent power producers (IPPs),” the Indian federal electricity ministry said. know.

India is expected to face a broader coal shortage in the third quarter of 2022 due to expected higher electricity demand, raising concerns about more widespread power outages.

According to India’s Ministry of Electricity, the decision was taken after nearly all states said that many states self-tender for coal imports led to mayhem, so states sought to buy coal in a centralized manner. Indian Coal Company.

Temperatures soar across India, electricity demand has increased by as much as 50% in some states like Punjab. (Photo: Hindustan Times)

In recent days, India has stepped up pressure on power generation companies to increase the amount of coal it imports for use in mixing with domestic coal, and warned to cut domestic coal supply if factories Electricity does not store coal inventory through imports.

However, India’s Ministry of Electricity on May 27 asked the states to suspend the ongoing tenders.

“Tenders being conducted by state-owned power generators and IPPs to import coal for domestic use mixed with coal may be postponed pending a price from the Indian Electricity Company,” said the Ministry of Electricity of India. India through the G2G route, thereby buying coal at the lowest possible price.”

Coal stocks at India’s power plants have fallen about 13% since April, to their pre-summer low in years.

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