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Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN


Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministry today said the country would have to import 82 million tones coal to fire its blast furnaces and power turbines in 2010-11.

In its quest for streamlining growth in the sector, the ministry has also pledged to expedite the setting up of the proposed Coal Regulator by seeking the approval of the union cabinet soon.

Pointing out that the total demand for coking and non-coking coal in 2010-11 has been estimated to be around 653.71 million tones, Coal Minister Sriprakash Jaiswal told The Indian Express that coal imports was imperative to ensure raw material security.

“After a recent review meeting on the sector, we saw that the total coal demand was around 654 million tones. We found that production from all the sources including our behemoth Coal India Limited would be around 572.37 million tones, thereby leaving a gap of nearly 82 MT this fiscal. So imports will have to happen,” Jaiswal argued.
Source:
Indian Express (By: Priyadarshi Siddhanta)



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