22 mt coal auctioned in non-regulated space till Oct in FY17

Image
Press Trust of India New Delhi
Last Updated : Nov 17 2016 | 3:42 PM IST
Around 22 million tonnes of coal linkages have been auctioned till October in the ongoing fiscal for the non-regulated sector, including cement and sponge iron.
"In the non-regulated sector, which includes cement, sponge iron, captive, power plant and others, there has been a linkage auction of 22.14 mtpa (million tonnes per annum) in 2016-17 (till October 2016) under the policy of linkage auction," Minister of State for Coal, Power, New and Renewable Energy and Mines Piyush Goyal said in a reply to the Lok Sabha.
There is an increase of about 10 mtpa in coal linkage to the non-regulated sector, the minister said.
The minister further said the coal-based generation as well as consumption of coal have been consistently increasing during preceding years. However, the government is now focusing on capacity addition of renewable energy sources to meet the demand and reduce dependence on coal for generation of electricity.
"As per the initial estimate, coal demand for 2016-17 has been assessed to be 884.87 mt of which 598.73 mt has been assessed to be the coal demand of power utility sector, 91.11 mt for captive power, 34.37 mt for cement, 24.05 mt for sponge iron and 80 mt for others," he added.

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: Nov 17 2016 | 3:42 PM IST

Next Story