Power secretary stresses on strategic fuel reserves to deal with supply shocks

NEW DELHI: Union power secretary Alok Kumar on Thursday stressed on the need to have strategic fuel reserves to insulate the nation from supply shocks for at least a month, in the backdrop of the ongoing coal shortage at power plants in the country.
Addressing the South Asia Power Summit ‘Moving Towards Sustainable Energy Security’, organised by the Confederation of Indian Industry (CII), Kumar said the higher price of coal, especially imported, was the main reason for this coal crisis in the country.
His comments assume significance in view of ongoing coal shortage at power plants in the country.