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New UserGovt to continue e-auction of coal even after de-allocation of coal blocks: Goyal
08 Sep 2014
Power Minister Piyush Goyal on Sunday said that he has inherited a crisis-ridden sector. To correct the situation, "We will ensure quick action after SC decision to get process rolling and enhance coal output to 1 billion tonne by 2019," Goyal said.
Power Minister Piyush Goyal on Sunday said that the 20 percent increase in coal based power production in the last three months is an achievement.
The Government will continue with the e-auction of coal to provide the fuel to the users, even in case of de-allocation of coal blocks.
Meanwhile, the Power Ministry also plans to rework the financial restructuring package for debt ridden state electricity boards.
Goyal also explained the reason for the coal shortage. Coal shortage at power stations is due to stocks being consumed faster for higher electricity generation.
State-run Coal India will spend Rs 5,000 crore for purchasing 250 rail rakes for the improving supply.
Meanwhile, State-owned Coal India Ltd (CIL) is planning to take steps to clear fuel supply bottlenecks, including augmenting output to 615 MT by FY'17, against the backdrop of the power sector reeling under fuel shortages.
Source: http://zeenews.india.com/