Millennium Post

Power sector may import as much as 48 mt coal this fiscal

Power sector may import 48 million tonnes of coal in the ongoing fiscal for plants which need coal from overseas market. "As per the information received from Central Electricity Authority, 48 mt (million tonnes) of coal is expected to be imported by power sector for import-based coal plants in 2016-17," Minister of State for Power and Coal Piyush Goyal said in a written reply in the Rajya Sabha.

The minister further said as per the Geological Survey of India, the assessed coal resources up to a depth of 1,200 metres as on April 1, 2015 are 306.595 billion tonnes (BT), of which the proved reserves are about 132 BT or 43 per cent.
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