iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Union Power Secretary confident of no coal shortage in power plants this festive season

16 Sep 2022 , 07:15 AM

According to Union Power Secretary Alok Kumar, India won’t have a power shortfall this festive season due to a lack of coal at thermal plants because 20 million tonnes of coal have already been imported.

Around this time last year, the nation had a power crisis caused by a lack of coal at thermal facilities. The Centre responded by taking a variety of steps to increase supply and handle the issue in 2021.

“It (the power crisis brought on by a lack of coal) won’t occur this time (during festival season). This fiscal year, we have consumed 15 million tonnes of the 20 million tonnes of coal we have already imported “On the side-lines of the INSIGHT2022 conference on green mobility, Kumar spoke with the media.

In the final week of September 2022, Navratri will begin, signalling the start of the festival season, notably in North India.

He responded that coal will be imported whenever necessary when asked if India would be importing additional coal.

Regarding any specific intention to import more coal, he said there was always a fallback option in case something unexpected happened.

Kumar also discussed the infrastructure for charging electric vehicles and the government’s support of them.

He clarified that upstream infrastructure, like transformers, is installed by discoms or utilities to supply electricity to EV charging stations, which costs about Rs5—6 lakh.

At the moment, the businesses installing EV charging stations are obligated to pay for this upstream infrastructure.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • coal
  • festive season
  • Power
  • Thermal Power
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.