India's domestic coal-based Thermal Power Plants (TPPs) have fortified their coal reserves, with stocks reaching 44.46 million tonnes marking a substantial 33% surge from the previous year. According to a statement from the Ministry of Coal, this reserve is sufficient to meet current consumption levels for 18.5 days, bolstering energy security amidst seasonal challenges.
The first quarter of the fiscal year witnessed a commendable growth in coal production by 10.58%, accompanied by an 8.50% improvement in coal supply, highlighting a robust start to the year. Anticipating the onset of the monsoon, known to impact coal production, the ministry has strategically secured a stockpile of 98.67 million tonnes at mine pitheads. This proactive measure represents a 33.5% increase compared to the same period last year.
Presently, the coal stock at TPPs fulfills 68% of the normative requirement, a significant rise from 50% recorded around this time last year. Throughout the fiscal year 23-24, no shortage of coal was reported at these plants, with stocks standing at over 47 million tonnes by the end of March 2024. The ministry aims to sustain similar levels this fiscal year, both at TPPs and mine pitheads.
Moreover, an increase of 10.54% in the availability of rakes/days over the previous year ensures consistent coal supplies during the challenging monsoon season. The ministries of coal, railways, and power are closely collaborating to maintain uninterrupted coal availability for all domestic coal-based TPPs.
This proactive approach by the Ministry of Coal underscores India's commitment to safeguarding energy stability amidst seasonal fluctuations, ensuring continuous power supply across the nation's Thermal Power Plants.
