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Home » News » Moving coal sector toward dependency

Moving coal sector toward dependency

By | December 27, 2023 11:50 am SHARE

Moving coal sector toward dependency
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India rank as the world’s third-largest consumer of energy, with an annual electricity demand increase of about 4.7 percent.

Notably, the country witnessed a remarkable 7.71 percent surge in power generation from April to November 2023 compared to the corresponding period of previous year. Purchasing Coal for Blending reduces by 44.28 percent. Within April and November 23, the value of electricity generated from coal increased by 11.19 percent compared to the same period the previous year. This increase can be attributed to several factors, including an exceptionally high temperature, delayed rainstorms in the country’s north, in addition the start of full commercial operations following the Covid pandemic.

Domestic coal-based electricity generation reached 779.1 billion units (BU) as of November 2023, up 8.38 percent from 718.83 billion watts (BU) achieved during the same month the previous year.

Despite the rising need for electricity, the amount of coal imported for blending has significantly fallen, falling from 27.21 MT in the same period last year to 15.16 (MT) as of November 23. This is a 44.28 percent decline. This demonstrates the country’s dedication to reducing overall coal imports and achieving self-reliance in coal production. The government persists in its efforts to further enhance coal production, aiming to increase availability and reduce dependence on imported coal, there by safeguarding foreign reserves.

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