India says it has ample coal stocks for power sector

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NEW DELHI, Oct 10 (Businesshala) – India has enough coal reserves to meet power sector demand, a coal ministry statement said on Sunday, as Delhi’s chief minister said fuel shortages meant That the Indian capital may face a power crisis. .

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State-run Coal India Limited (COAL.NS) is using its 40 million tonnes of stock to replenish utilities, with an overall inventory of 7.2 million tonnes, which is expected to last four days, the ministry statement said. equal to the requirements.

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The shortage of coal has led to supply shortages in some eastern and northern states, with residents of the regions facing power cuts for up to 14 hours a day.

The ministry said monsoon rains affected coal supplies to power plants and high global prices cut production by utilities dependent on imported coal.

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In a separate statement, the power ministry said the supply of coal to power companies increased to 1.92 million tonnes on Saturday, while consumption stood at 1.87 million tonnes.

It said the level of coal reserves with power companies will increase as Coal India is increasing the supply.

In India, more than half of the 135 coal-fired power plants that supply nearly 70% of the country’s electricity have only enough fuel stock to last for less than three days, Businesshala reported on Friday. Gave.

Reporting by Nidhi Verma; Editing by Barbara Lewis

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