India approves coal exports amid healthy power station stocks
NEW DELHI - India's cabinet on Friday permitted the export of coal as the country's power plants have a surplus, information minister Ashwini Vaishnaw said.
Power plants that have access to coal supply will be permitted to export up to 50% of their allocation and use coal flexibly across group companies.
India, the world’s second-largest coal producer, has been opening its coal sector to private players and commercial mining to meet rising energy demand and reduce import dependence.
The move to allow export of domestic coal comes as the country's coal-fired power generation, which typically accounts for about 75% of India's electricity output, has fallen on an annual basis in seven out of 11 months this year, the most since 2020.
The move will also benefit the country's top coal miner, Coal India, which accounts for about three quarters of the country's production. India is the world's No.2 coal producer and consumer after China.
Indian power plants have comfortable stock levels because domestic coal production is strong and electricity demand growth has slowed, iEnergy Natural Resources said this week in a report.
The cabinet on Friday also approved the auction of coal for any industrial use.
The policy will allow domestic buyers to secure long-term coal supplies through auctions without end-use restrictions, except for coking coal, which will not be offered under the scheme.
Traders will be barred from participating, the government said.
The move aims to accelerate coal reserve utilisation, ease business processes and cut reliance on imports, the government said in a statement.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Showroom
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
