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