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In FY 2017-18 Centre wants to cut coal import for power PSUs to zero

Coal ImportIn FY 2017-18 for power PSUs, the centre plans to completely cut down the coal import and it will save the country’s import cost which is about Rs 17,000 crore. To stop the import of thermal coal as well the centre also has plans to persuade the private power companies.

By these plants of public sector companies) This year we want that coal import should be brought down to zero and we would convince the private sector slowly that there is no need for you to import coal. The country’s import bill will substantially bring down by this move. Rs 17,000 crore India will save on import bill, said by the Coal Secretary Susheel Kumar.

As there will be advantages, so the government will ask the private power companies to get coal from domestic suppliers, told by Mr Susheel Kumar. This coal supply will come to at a stable price and be reliable. PSUs will get an adequate supply of domestic coal and this is assured by the Coal Ministry so that imports will not be required at all, said by Mr Susheel Kumar.

There will be no need to import coal as we will supply so much of coal to them. through imports of central public sector companies like NTPC and state PSUs We would bring down to zero the requirement of coal and we have this target to achieve, further added by Susheel Kumar.

With domestic produce, the government wants to substitute the imports. In FY 2015-16 there has been seen a fall in coal import to 199.88MT from 217.78 MT in FY 2014-15 as there has been risen in the production of domestic coal. From the same period a year ago In FY2016-17 also the import of coal saw a fall by 2.59% in the first ten months.

Besides the local production import of coal depends on many other elements, as per government. The import also determined by other factors like the design of power plant, availability of required grade of coal.