Coal India has achieved 93 per cent of its output target during April-November 2012, according to the nodal Coal Ministry’s statement.
This is a 6.4 per cent growth over the corresponding period of the previous year, it said.
The target of coal production for 2012-13 has been set seven per cent higher at 578.10 million tonnes against the actual production of about 540 million tonnes achieved in 2011-12.
“As against this, the actual production during April-November 2012 has been 330.61 million tonnes which is about 93 per cent of the target for this period,” the statement said.
At the same time, coal offtake during April-November 2012 has been nearly 360 million tonnes touching 95 per cent of the target, up 7.8 per cent over the corresponding period of the previous year. The target for 2012-13 has been set at 585.60 million tonnes.
The Government said that the coal offtake to power producers during April-November 2012 from Coal India Ltd and Singareni Collieries Co. Ltd has been around 237 million tonnes. This is a 92 per cent achievement of the target for this period, up 12 per cent over the corresponding period of the previous year.
Joint Venture
The Government has given its go-ahead to Neyveli Lignite Corporation (NLC) to seal a joint venture with UPRVUNL for setting up coal-based thermal power plant – 1,980 MW Ghatampur Thermal Power Plant – in Uttar Pradesh.
The project is expected to cost Rs 14,858 crore. The investment proposal is under the consideration of the Government.
Fuel Supply pacts
The Coal Ministry said that Fuel Supply Agreements (FSAs) have been made mandatory and Coal India, after resolving the pending issues with power producers, has already signed 35 FSAs out of 114 and the balance are expected to be completed shortly.