01-01-1970 12:00 AM | Source: Accord Fintech
No shortage of power in country: Power Minister R K Singh
News By Tags | #248 #3510 #4229

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Power Minister R K Singh has exuded confidence that there would be no power shortage in the country amid the ongoing low coal stocks at power plants and stressed on timely payments by distribution companies to the plants for electricity supplied to them. Singh assured ‘There won’t be any back down…There was no (power) outage yesterday. There was no (power shortage) and it did not happen even before. If there is some outage, then that is because of our own (states’) constraints.’  He informed that power plants in the country have more than 8 million tonnes of coal at present.

According to the latest report of the Central Electricity Authority (CEA) which monitors 135 plants with over 165GW capacity, thermal projects had 8.1 million tonnes of coal on October 23, 2021, which is sufficient for four days (for these 135 plants). Besides, the report showed as many as 49 non-pithead plants had less than four days or supercritical stock of dry fuel on Saturday compared to 62 such plants a week ago on October 16. This shows gradual improvement in the coal stock situation at thermal power plants in the country.

Besides, about huge outstanding towards Coal India, he said ‘There is around Rs 16,000 crore which has not been paid to Coal India... unless and until discoms pays gencos (power generating firms) for the power supplied to them, the gencos would not be able to pay for coal.’  Talking about the gas shortage, he said ‘If you (states or power generators) have an agreement with GAIL (for gas supply) why don’t you renew that…. People should not go scare mongering (about power outages).’ He also drew attention towards inefficient management of captive coal mines by the states.