State-owned Coal India’s fuel allocation under the exclusive e-auction scheme for the non-power sector rose over three-folds to 3.91 million tonnes in April. Coal India Ltd had allocated 1.20 million tonnes of dry fuel to the sector under the scheme in April 2019, as per latest government data.
This growth comes amid CIL looking to tap the non-power sector to consume its coal in the wake of a slump in demand for the dry fuel. For the entire fiscal (2019-20), the PSU‘s coal allocation under the scheme dropped to 8.03 million tonnes from 11.36 million tonnes in the previous year.
Power minister Mr RK Singh proposed a new scheme for the power sector amounting to Rs 3 lakh crore spanning five years. The new scheme included an amalgamation of old schemes under the power ministry and focused on reducing losses in the power sector, separate feeders for agriculture and smart prepaid meters.
The output of Eight Core Industries declined by 38.1% in April 2020 compared to decline of 9% in the previous month of March 2020. In view of nationwide lockdown during April 2020 due to COVID-19 pandemic, various industries viz. Coal, Cement, Steel, Natural Gas, Refinery, Crude Oil etc experienced substantial loss of production.
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable and modern energy by 2030 unless efforts are scaled up significantly, a new report by several agencies said.
The supply of coal to the power sector by state-owned Coal India has dropped 22% to 31.95 million tonnes in April amid slump in the fuel demand in the country on account of COVID-19-induced lockdown. Coal India had supplied 40.90 million tonnes of April, 2019, coal ministry said.