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Fewer power cuts likely this summer as govt engineers coal turnaround

Power stations now hold 28 million tonne of coal, a 38% jump from a year ago

Reuters  |  New Delhi 

Fewer power cuts are likely this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May. Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating Modi's pitch to voters as the state leader who brought round-the-clock power to industrial Gujarat. As Modi prepares to mark his first year in office and seeks to fulfil ...

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First Published: Thu, April 16 2015. 08:13 IST
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