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Wednesday, December 28, 2011

Indian coal imports likely to reach 200 million tonnes by 2017

Wednesday, 28 Dec 2011

ET quoted the government said that India is likely to import 194 million tonnes of coal in 2017 as against 135 million tonnes at present to meet the demand of the power sector.

Mr Pratik Prakashbapu Patil Minister of State for Coal said in a seminar that "Current year, we have to import 135 million tonnes of coal to meet our power sector requirement. The demand will increase further as we are setting up new power plants. It is expected that we will have to import 194 million tonnes of coal in 2017."

The minister also said during the seminar organised by World Confederation Productivity Science (India) and World Academy of Productivity Science that with the passage of time, the country's dependence on imported coal would not come down and would go up instead.

He said that "There will be more dependency on imported coal. The dependency has increased from 6% to 13% in the last five to six years."

As per the Planning Commission, the demand supply gap for coal in the ongoing year is likely to touch 142 million tonnes with domestic availability of only 554 million tonnes against the requirement of 696 million tonnes.

Earlier, the Plan Panel had also said the country coal demand will go up to 1,000 million tonnes by the end of the 12th Five-Year Plan necessitating about 200 million tonnes of imports to bridge the shortfall in domestic output.

According to the Planning Commission unless the widening demand-supply gap for coal was bridged, the projected shortfall of 200 million tonnes would have to be met through imports.

The commission has estimated domestic coal production at 770 million tonnes by 2017 on the basis of projected annual growth of around 7% in output.

As per a Planning Commission document, output in 2011-12 was expected to reach 680 million tonnes but the estimate was later scaled down to 630 MT in a mid-term appraisal by Prime Minister Dr Manmohan Singh.

(Sourced from ET)

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