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CIL's coal reserves enough to meet demand for 25-30 years

2019-12-25 11:59:17   【Print】
Coal resources of the Coal India Limited (CIL) received a major boost after recent allocation of 16 new coal blocks by the Government of India to the Maharatna coal mining PSU.

The present reserves of the coal mining behemoth will be adequate to meet the expanding coal demand of the country at least for the next 25 to 30 years.

In a recent performance review meeting of CIL, Minister of Coal, Pralhad Joshi expressed his confidence that coal will continue to dominate the country's energy scenario, fueling half of the country's power generation even in 2030 despite the inroads being made by renewables.

The Coal Minister assured that if need be more coal blocks will be allocated to CIL. The effort is to increase the indigenous coal production to bridge the demand-availability gap, he told.

The Coal India is planning to step up its production making the country self-reliant in coal to the extent possible and reduce the import dependency. The company is gearing itself to produce over 900 million tonnes (MTs) in becoming the largest contributor to the country's 1 billion tonnes production target in FY 2024.

.Asian Metal Copyright The present reserves of the coal mining behemoth will be adequate to meet the expanding coal demand of the country at least for the next 25 to 30 years.Asian Metal Copyright