Coal India may import 15 mt in 2013-14 to meet shortfall
To meet shortfall in domestic coal supplies, Coal India Ltd may need to import nearly 15 million tonnes in 2013-14. This follows the Government decision on Monday that allowed the miner to fill the gap between domestic supplies and annual contracted quantity to power stations by imports.
The exact volumes to be imported would depend on demand from power stations, which is reviewed every quarter.
“Since the Government has also kept the window open for power companies to import by themselves, Coal India would seek their view,” said S. Narsing Rao, Chairman and Managing Director, Coal India.
Rao said the company would appoint a Government agency to import on its behalf in the current financial year.
“May be from next year, we may look at importing ourselves,” he added.
After 2009, Coal India has 61 new fuel supply agreements (FSA) that account for 24,300 MW, for which it will have to import coal to meet the gap in supply.
The miner would need additional 89 million tonnes to feed these power plants. This is excluding nearly 14,500 MW of projects run by NTPC and its joint ventures, which are also in queue to seal supply pacts.
Coal India, in the FSA, said it would supply 80 per cent of a power plant’s requirement. Of this, 65 per cent would be from its mines and the balance imported.