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India to import 35 million tons of coal for 2011-12

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NEW DELHI (Commodity Online): Many states in India has increased load shedding or power cuts to avoid total blackout due to lower availability of coal to generate electricity. To meet the growing gap between the reguirements and its domestic availabilty, the government has assigned the thermal power stations designed on indigenous coal to import 35 million tons of coal for 2011-12.


Of the 35 million tons of coal imports, almost 15.45 million tons of coal would be consumed by National Thermal Power Coperation Ltd (NTPC).


Meanwhile, almost 10 billion units of electricity remained unsold during the first seven months of the Fiscal12. The introduction of loading shedding or power cuts by states is expected to increase the difficulty of NTPC to sell its produced electricity, reported Business Line.


According to the reports, around 13 billion units generated went unused during 2010-11 fiscal.


In addition, the power stations have also been envisaged to operate on imported coal.The coal import requirement for such power stations for the year 2011-12 was assessed as 20 million tonne.


NTPC is the country's largest state run power utility.

MCX GOLD.995 04 August 2012 contract was trading at Rs 28520 , up Rs. 133 . What's your view on it?
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