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Coal and Mines Minister G Kishan Reddy on Monday informed the Rajya Sabha that seven coal gasification projects will come up with an investment of Rs 64,000 crore in Maharashtra, Odisha and West Bengal and said this will help in reducing imports of energy products. Replying to supplementary queries during Question Hour, the minister highlighted that the Modi-government during the last 12 years has brought several reforms in the coal sector. Reddy said the coal blocks are being allotted through a transparent auction process, without any complaints and allegations. "There is no shortage of power in the country," he said, adding that 73-74 per cent of electricity is being generated through coal-based thermal plants. The minister said 80 per cent of coal production is being supplied to the power sector and the remaining to other sectors. Reddy highlighted that India is the second largest producer and consumer of coal. He said the country has the fifth largest coal reserve, which coul
Over 24,000 megawatt of coal and lignite-based power generation capacity is at various stages of planning in the country, Parliament was informed on Monday. A total of 39,545 MW of thermal capacity (including 4,845 MW of stressed thermal power projects) is currently under various stages of construction, Union Minister Shripad Naik said in a written reply to Rajya Sabha. While contracts of 22,920 MW have been awarded and is due for construction, another 24,020 MW of coal and lignite-based candidate capacity has been identified, which is at various stages of planning in the country, the Minister of State said. He said the projected thermal (coal and lignite) capacity requirement by the year 2034-35 is estimated at approximately 3,07,000 MW as against the 2,11,855 MW installed capacity as on March 31, 2023. To meet this requirement, the Ministry of Power has envisaged to set up an additional minimum 97,000 MW coal- and lignite-based thermal capacity, Naik said. The minister also said
The country's coal demand, which had remained weak earlier in the current financial year, is poised for a boost in the coming days on the back of a sharp turnaround in electricity consumption, an industry expert said on Sunday. Vinaya Varma, Managing Director of mjunction services ltd -- a B2B e-commerce platform and joint venture of SAIL and Tata Steel -- said after successive months of negative growth in October and November, power demand staged a strong recovery in December with a 6.3 per cent growth. "The tempo has been maintained with power consumption continuing to rise in January as well, due to a harsh winter and general improvement in economic activities," Varma said. "This, we believe, will boost coal demand in the coming days," he added. The country's coal sector, after hitting a record one-billion-tonne production milestone, is staring at a surprise demand slowdown, forcing major public firms and new commercial miners to rethink expansion plans amid rising ...
The share of coal in India's energy mix will shrink to 30-35 per cent by 2047, and responsible use of the fossil fuel is key to future development, experts said. The coal's share in India's electricity mix is currently at 70 per cent. India achieved over one billion tonnes of coal production in FY25, with coal-based power contributing 72 per cent to total electricity generation. Former chairman and managing director of Coal India Ltd, P M Prasad, said that over the coming three to four decades, the priority must be slashing emissions and rolling out best practices wherever feasible. "By 2047, coal's share is expected to come down from the current levels to around 30-35 per cent. We understand that. But as long as that 35 per cent remains, we must develop responsibly," said Prasad, currently the Chairman of the India Chapter of FutureCoal - the global alliance for sustainable coal. The India Chapter, launched with Coal India Limited and Gainwell Engineering as founding members, ...