India plans to auction coal blocks for commercial mining by end-December
Authored By Wion Web Desk
Published: Apr 12, 2017, 23:44 IST | Updated: Apr 12, 2017, 23:44 IST
Coal
Story highlights
Coal accounts for about 70 per cent of India's power generation
India aims to auction coal blocks for commercial mining by end- December, coal secretary Susheel Kumar told television channel ET NOW on Thursday, a move that would end monopoly of state-run firms in coal mining.
This could help the country to meet its target and produce 1 billion tonnes by 2020.
Coal accounts for about 70 per cent of India's power generation, and the government wants to boost domestic output to cut imports.
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Despite environmental worries, India plans to continue to depend on burning coal to provide power for a population of 1.3 billion.
Indian coal companies have pithead stock - coal mined, but not supplied - of 69 million tonnes, Kumar said, adding Coal India Limited does not need to produce more.
(Reuters)
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