Indian utilities to import 70 mil mt of thermal coal in 2012-13: official

Indian power utilities have a target to import 70 million mt of thermal coal in the 2012-13 fiscal year, an official from the Central Electricity Authority told Platts Friday.

The fiscal year runs from April 1 to March 31.

Of the total, 46 million mt will go to utilities that blend imported coal with domestic coal, while the remaining 24 million mt will go to utilities that only use imported coal.

In the current financial year utilities are likely to import 42 million-44 million mt of thermal coal, compared with a target of 55 million mt, the official said.

In the fiscal year to February, utilities imported about 37.5 million mt of thermal coal, the official said.

Since state-run Coal India is unable to fully meet demand, utilities have been mandated by the government to import coal to meet the shortfall.

Coal India, which meets 80% of the country’s coal requirement, has revised down its production target for the current fiscal year to 440 million mt from 447 million mt.
Source: BS

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