Report Wire - Clear dues to coal cos: Govt to 4 states with low inventory, excessive thermal capacities

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Clear dues to coal cos: Govt to 4 states with low inventory, excessive thermal capacities

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Clear dues to coal cos: Govt to four states with low stock, high thermal capacities

High overdue funds to coal corporations by sure states have contributed to the low ranges of coal shares at thermal energy crops, as per authorities officers. The Power Ministry has written to 4 states — Maharashtra, Uttar Pradesh, Tamil Nadu and Rajasthan — asking them to clear dues to coal corporations.
The excellent dues of the Maharashtra state utility to Coal India have been Rs 3,176.1 crore on the finish of FY21, whereas the dues of Uttar Pradesh utility have been Rs 2743.1 crore. Dues of the Tamil Nadu state utility have been Rs 1,281.7 crore, and that of the Rajasthan state utility have been Rs 774 crore.
These states have among the many highest thermal capacities which have both zero days of inventory or simply sooner or later of inventory as on October 10. Outstanding dues of state electrical energy boards and energy era corporations to Coal India Ltd, which accounts for about 80 per cent of India’s coal output, have been Rs 21,619.7 crore on the finish of FY21. “The Power Ministry has written to these states (about high dues to coal companies). While this is not the only reason behind the coal situation, this is a contributing factor,” mentioned a authorities official who didn’t want to be quoted.

On October 10, Uttar Pradesh had 2,000 MW of capability that had zero days of coal inventory, Maharashtra had 1,920 MW of capability with zero inventory. Tamil Nadu and Rajasthan had 1,500 MW and 500 MW of capability with zero days of inventory, respectively.
Thermal energy crops throughout the nation are presently going through a scarcity of coal as a result of a pointy uptick in energy demand, restricted provides as a result of heavy rainfall in September, low accumulation of inventory in April-June, and an enormous spike within the worth of imported coal. India’s coal fired energy crops presently have about 4 days of coal stock as in opposition to the really helpful degree of 15-30 days based mostly on distance of the plant from the supply of coal.

A complete of 17 energy crops with a capability of 16,430 MW had zero days of coal inventory on October 10, whereas an additional 48 crops with 62,255 MW capability had one or two days of coal inventory remaining. of the 135 thermal energy crops monitored day by day, 115 had coal shares of underneath 7 days.
Coal-fired thermal energy crops account for 208.8 GW (54 per cent) of India’s 388 GW put in era capability. The share of coal-based energy in India’s energy combine has risen to 66.4 per cent from 61.9 per cent in 2019. States like Delhi and Punjab have written to the Centre asking that coal shipments to their thermal energy crops be expedited for worry of energy cuts.