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The fear of disruptions to mine output when monsoon rains begin a couple of months later is also a factor
The maximum ceiling price that can be quoted at the power exhanges is Rs 12 per, according to the original order of CERC in June.
The domestic market has also seen a sharp correction in steel prices from peak levels
Officials are rushing to make more coal available for utilities as shortages in July-September quarter are expected to be 15% wider than intitially estimated due to expectations of higher power demand
Power shortage is the last thing Indian businesses, recovering from the pandemic-induced disruption, need
India expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15% higher than previously projected
So far in May, 1,205 rakes allotted to the seven companies of CIL have incurred delays. This is close to a third of CIL's total loading.
India faced its worst power crisis in over six years in April as demand hit a record high
The intense heatwave in the past few weeks across several parts of northwest and central India has led to increased power demand
At present, the country is witnessing a power crisis on account of coal shortages
Yadav posted a tweet attaching an excerpt of information given by Energy Minister A K Sharma which spoke about the closure of a few power generation units due to technical reasons
The number of plants having supply agreements with Coal India with inventories of three days or less fell to 31, as of Nov. 29, latest data from the federal power ministry shows
This was agreed at the Organization for Economic Co-operation and Development (OECD) meeting on Friday
The statement comes at a time when various plants in the country are facing coal shortages
The minister will on Wednesday review and visit three mines--Gevra, Dipka and Kusmunda in Chhattisgarh -- of Coal India arm South Eastern Coalfields Ltd and will hold meeting with Jharkhand CM
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Pramod Agrawal says the company has been able to increase their average daily production to 1.45 MTs, during the past week
Discoms should improve recovery, says power secretary
Due to the stoppage of coal supply, prices in the spot market have risen
Two of the biggest states in the country, Rajasthan and Maharashtra, have around 40 per cent of their generation capacity under outage due to coal shortage.Data with the Central Electricity Authority says of the installed 32,973 Mw in Maharashtra, 13,555 Mw is under outage. In Rajasthan, 4,865 Mw of the installed 11,114 Mw is shut down.Barring a few under maintenance, major power plants in these states have mentioned "coal shortage" as the reason for the shutdown of the generating unit.In Rajasthan, a 250 Mw unit at Chhabra, 600 Mw at Kalisindh, two units of 110 Mw each at Kota, 693 Mw at Surtagarh and 600 Mw at the Kawai thermal power station (TPS) have indicated coal shortage on the CEA website for outage. The TPS in Maharashtra which are shut due to coal shortage are Chandrapur (720 Mw), Khaparkheda (420 Mw), Koradi (210 Mw), Paras (2x250 Mw), Amravati (3x70 Mw), GMR Warora (2x300 Mw), Mauda (2x500 Mw) and Solapur (600 Mw).Neither state's energy secretary responded to calls or SMS .