NTPC to Stop Coal Im­ports Abun­dant sup­ply by CIL helps co end im­ports four years ahead of tar­get

The Economic Times - - Economy - De­b­joy.Sen­gupta @times­group.com

Kolkata: In April 2015, NTPC was hop­ing to cut down coal im­ports to nil by 2020. Lit­tle did the com­pany hon­chos an­tic­i­pate that it could be achieved in a year — four years be­fore the tar­get. Fol­low­ing abun­dant sup­ply by the world’s largest pro­ducer, Coal In­dia (CIL), the com­pany has de­cided to stop fresh im­ports from this year on­wards, 10 years af­ter it started im­port­ing coal.

What­ever lit­tle would be im­ported will be the re­sult of or­ders placed dur­ing early part of 2015-16. “Our stock­yards are full with coal sup­plied from Coal In­dia which has forced us to de­fer our im­port plans. De­ferred im­ports has spilled over to the new fi­nan­cial. We will not place any new im­port or­ders this year,” said a se­nior NTPC of­fi­cial.

“Go­ing for­ward, we might not need to place any im­port or­ders as Coal In­dia seems to be com­fort­ably pla- ced to meet our re­quire­ment. Ad­di­tion­ally, NTPC may not need to im­port any coal be­cause its cap­tive mine Pakri Bar­wadih is sched­uled to com­mence pro­duc­tion in the next few months,” he said adding, “coal stocks at power plants are so full that it has been dif­fi­cult for many ther­mal power sta­tions to ac­cept fresh coal sup­plies from Coal In­dia.”

At present, all ther­mal plants have a to­tal stock po­si­tion of about 38 mil­lion tonne which is equiv­a­lent to 27 days of re­quire­ment while Coal In­dia has been sit­ting on so- me 45 mil­lion tonne of coal which is yet to find tak­ers.

In fact, dur­ing 2015-16, the com­pany re­duced coal con­sump­tion by 42% to 9.47 mil­lion tonne against 16.38 mil­lion tonne im­ported dur­ing the pre­vi­ous year.

“To­wards the be­gin­ning of 2015-16, NTPC was plan­ning to im­port around 21 mil­lion tonne of coal which was later scaled down to 16 mil­lion tonne. How­ever, fol­low­ing more than ad­e­quate sup­plies from Coal In­dia, the com­pany de­ferred its coal im­ports for the year and re­ceived far less than the ini­tial planned vol­ume,” a se­nior NTPC of­fi­cial said.

“The com­pany’s ef­forts dur­ing sec­ond half of FY16, as a re­sult of ra­tio­nal­i­sa­tion of coal link­ages, re­duc­tion in im­ported coal con­sump­tion, en­force­ment of third party sam­pling of coal and other mea­sures led to re­duc­tion in en­ergy charges of coal sta­tions by nearly 20%. NTPC shall en­deav­our to bring down the en­ergy charges fur­ther to help the dis­coms,” he said.

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