Chhattisgarh, Uttar Pradesh lead coal capacity expansion: Global Energy Monitor
In 2023, India brought online 5.5 GW of new coal-fired power plant capacity, more than double the 2.7 GW of new capacity added in 2022.
In 2023, India brought online 5.5 GW of new coal-fired power plant capacity, more than double the 2.7 GW of new capacity added in 2022.
India's coal sector continues to play a vital role in fueling the nation's energy needs while simultaneously driving significant employment growth, the government claimed on Monday.
Among the eight core industries, the coal sector has demonstrated the highest growth of 10.2 per cent among the eight core industries for January 2024, the Ministry of Coal said on Friday.
The quicker coal movement in the country also reflects the better performance of Indian Railways. The faster movement of coal also enables power plants to function more efficiently.
The increase in production comes on the back of the successful implementation of policy reforms by the government which include measures such as the transparent e-auction of commercial mines.
It said that the Ninth round of commercial auctions was launched by the Ministry of Coal on December 20, 2023, for 32 coal mines.
This notable decrease indicates sufficient availability of coal in the market to meet the growing demands, the Ministry of Coal said.
In November, the index of eight core industries was 7.9%.
The Ministry of Coal on Monday said it aims to produce 186.63 million tonne (MT) coal exclusively from captive /commercial coal mines during FY 2024-25.
Once these mines are fully operational, they will generate employment for around three lakh persons, directly and indirectly.