India to import 76 MT coal to meet demand; power tariff to go up: Report
India is planning to import nearly 76 million tonnes (MT) of coal this fiscal year to reach the fossil fuel shortfall in power plants, a move that can result in an increase in electricity tariff by 50-80 paise, Mint reported quoting two government officials.
As India’s coal production is affected in the monsoon season and coal supplies to power plants are hit in August and September, the report stated that state-run Coal India Ltd would import 15 MT to supply to the plants.
NTPC Ltd, India’s largest power generator, and Damodar Valley Corporation (DVC) will import another 23 MT of coal. Power generating firms (gencos) and independent power producers (IPPs) are planning to ship another 38 MT this fiscal, Mint reported.
