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Indian government expects coal sector demand to improve in 2018

Coal News - Published on Tue, 02 Jan 2018

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Money Control reported that government is looking at 2018 with renewed optimism for the coal sector in the wake of demand upturn and expecting 6 to 7% growth in supply of the dry fuel next year. Also, the government is hopeful of a better show by state-owned Coal India, which is expected to achieve an output of 600 million tonnes in 2017-18. Mr Susheel Kumar Coal Secretary told PTI in an interview that in 2017, there has been a resumption in demand for coal and this has been the greatest difference from the last year.

The secretary said that "Because in 2016, we did not see any demand for coal, that's why all the year, we were requesting power plants to take supplies. This year, they have been in the overdrive and we have been trying to cope with."

The coal ministry went to the extent of saying that there was no shortage of the dry fuel and power plants should have adhered to the Central Electricity Authority's guidelines for stocking of coal.

Mr Kumar stressed that "Next year, I see further increase of demand and I see a better performance by Coal India because now, they (Coal India) have realised that whatever was the position in 2016 is not the normal. Normal is what 2017 is."

The secretary said that "So, I am sure that in the remaining months of the year (2017-18) and 2018, we would see robust demand and good supplies."

Hoping that coal supply will grow at 6-7 % in 2017-18 compared to 2016-17, he predicted that 2018-19 will see a more improved performance.

In October, the Karnataka government had asked the Centre to ensure adequate supply of coal and early allocation of a coal block in Odisha to meet the severe fuel shortage faced by power units.

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Posted By : Nanda Koijam on Tue, 02 Jan 2018
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