Coal import by power sector drops 40.66% in Apr-Dec period of FY24 despite rise in power demand

New Delhi: Coal import for blending by power sector has decreased substantially by 40.66 percent to 17.08 MT during Apr-December 2023 from 28.78 MT in the corresponding period of the previous year, despite escalating power demand, said the Ministry of Coal on Monday. The import dropped even as coal-based power generation in the country witnessed a remarkable growth of around 10.13 percent during April-December 2023, as compared to the corresponding period of the previous year. The overall power generation grew 6.71 percent during the same period, said the Coal Ministry.

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"It showcases the nation’s commitment to self-reliance in coal production and minimising overall coal imports," said the Ministry of Coal.

Domestic coal-based power generation rose 7.14% in Apr-Dec

The Domestic coal-based power generation during Apr-December 2023 reached 872 Billion Units (BU), reflecting an increase of 7.14 percent from the 813.9 Billion Units (BU) generated in the corresponding period of the last year.

In India, power is generated from conventional (thermal, nuclear and hydro) and renewable energy sources (wind, solar, biomass etc). However, the major source of power generation is coal, which accounts for more than 70 percent of the total power generation.

Coal-based power generation

Coal-based power generation in India has played a significant role in meeting the country's energy demands. India is currently experiencing a substantial increase in power demand, driven by a combination of factors like industrial growth, technological advancements, population growth, economic development etc.

The government persists in its efforts to further enhance coal production, aiming to increase availability and reduce dependence on imported coal, thereby safeguarding foreign reserves.

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