Government Measures To Ramp Up Domestic Coal Production Could Eliminate Coal Imports By 2023: Pralhad Joshi

The Union Minister for Coal, Mines and Parliamentary Affairs said that the Government is undertaking measures to ramp up the domestic coal production from the current level of 730 MT to 1149 MT by 2023 thereby eliminating the coal import except for the limited un-substitutable import. He was addressing the 7th Roundtable Conference on Coal in which experts from Coal and Energy Sectors were participating in the capital.

The Union Minister for coal opined that despite the push for renewable energy, the country will require base load capacity of coal-based generation for stability. Currently coal occupies 55% share in primary energy supply and about 75% in electricity generation. Joshi said that the Government is opening new mines, expanding the capacity of existing mines and creating new evacuation infrastructure to ramp up the domestic coal production. CIL alone 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 added.

Outlining the initiatives that the Government has taken, such as, easing of mine plan approval, doing away with system of previous approval of Central Govt. for grant of mining lease, streamlining the grant of permits and clearances, greater coordination with State in matters relating to land acquisition, grant of lease, creation of sufficient coal evacuation infrastructure etc., he expressed confidence in boosting the domestic availability of coal in years to come. The Minister also highlighted the efforts of his Ministry to promote diversified use of coal such as conversion of coal to synthesis gas and subsequent use of the latter to produce methanol or fertilizers.

Powered by Capital Market - Live News