States Now Have to Pay 20,000 Crores of Debt to Coal India


Debt to Coal IndiaOne of the government sources said on Tuesday that states will have to pay nearly ₹ 20,000 crores in tariffs to Coal India because of the power crisis which gives rise to a shortage of coal reserve in the country

Since January the Coal Ministry has been writing to States to pick up stocks from Coal India but received no response as stated by some government sources. States are not mining sufficient and are not picking up stocks from Coal India despite updates, which too contributed to the current circumstance. States like Delhi and Punjab had closed fundamental coal plants.

Government sources again stated that overstocking of coal can cause coal fire, due to this reason Coal India can stock only up to a certain limit. There was a very little amount of mining in states like Jharkhand, Rajasthan, and West Bengal even though coal mines. One of the main reasons for the shortage of coal is the Prolong monsoon which led to the rise in the price of foreign coal. Sources further stated that the States and electricity companies were buying coal from abroad when the international coal prices were low, now when its prices rose they are looking for domestic coal.

Meanwhile, the government is planning to ramp up per day coal production from 1.94 million tonnes to 2 million tonnes per day in the next five days, as per sources. No supply of coal was ever stopped to any State despite huge dues, they added.

Coal stocks have started increasing in the last four days, sources said, adding that the situation will be normal within a month. There is no shortage in daily power and coal supply, they said.

Meanwhile, the authorities are making plans to ramp up in line with day coal manufacturing from 1.94 tonnes to 2million tonnes in line with the day within the subsequent 5 days, as in line with assets. No, delivery of coal became ever stopped to any State despite large dues, they added.

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