Measures being taken to boost coal production to reduce imports by 2023: Joshi

Image
ANI
Last Updated : Sep 24 2019 | 6:05 PM IST

India is striving to ramp up coal production from the current annual level of 730 million tonnes (MT) to 1,149 MT by 2023 to reduce imports, Union Minister for Coal and Mines Pralhad Joshi said on Tuesday.

Coal currently occupies 55 per cent share in primary energy supply and about 75 per cent in electricity generation.

The government is opening new mines, expanding the capacity of existing mines and creating new evacuation infrastructure to ramp up domestic coal production, said Joshi.

Coal India Ltd is poised to commission 11 new coking coal washeries in a phased manner to meet the total demand of washed domestic coking coal of steel sector, he said while addressing a conference here.

However, despite the push for renewable energy, the country will require a base load capacity of coal-based generation for stability, said Joshi.

Among the steps taken by the government include easing of mine plan approval, doing away with the system of previous approval of government for grant of mining lease, streamlining the grant of permits and clearances, greater coordination with states in matters relating to land acquisition, grant of lease and creation of sufficient coal evacuation infrastructure.

The government is also promoting diversified use of coal, like conversion of coal to synthesis gas and its use to produce methanol or fertilisers.

Earlier, Secretary at the Ministry of Power S C Garg highlighted the need for working towards becoming a coal exporting country by efficient use of resources and proper energy planning.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 24 2019 | 5:35 PM IST

Next Story