CIL gradually increasing supply to power sector to meet gap from lower coal imports
PSU miner Coal India (CIL) is gradually increasing supply to the power sector, with demand for domestic coal rising in the wake of higher imported coal prices.
Power plants, mainly in the coastal region, generally opt for imported coal when domestic coal costs more due to freight and statutory levies. But with Indonesia benchmarking coal prices for September at $150.03 per tonne, demand for domestic coal has soared.
“We are aiming to augment supply to the power sector at 1.45 million tonne (MT) per day, and total supply to a level of 1.8 MT a day consistently,” a senior CIL official said.
