Coal India reported a 12% rise in its production so far in the current financial year (FY24) at 394 million tonne (MT) and said that its supplies to the power sector have grown 4.5% or 15 million tonne to 346 million tonne during the April-October period. Although Coal India and the Ministry of Coal have reported an increase in coal production in October, the Union Ministry of Power last week directed gencos to blend 6% imported coal till March next year amid fall inventory at thermal plants.
Data from the Central Electricity Authority showed that the gap between the daily consumption of coal at thermal plants and the daily supply of coal has narrowed over the past month. On 2 November, the daily receipt of coal at thermal power plants stood at 23.10 lakh tonne, while the consumption was 23.79 lakh tonne.
The situation seems to have significantly eased from a supply gap of 2.25 lakh tonne on 1 October when the daily coal receipt was 19.38 lakh tonne, compared to the consumption of 21.63 lakh tonne. The plans to increase coal production and supplies are simultaneous to the government's plans to increase the renewable energy capacity of the country.
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