In a statement, the coal ministry outlines its ambitious targets, aiming to produce 1,404 million tonnes (MT) of coal by 2027 and a further increase to 1,577 MT by 2030, up from the current annual production level of approximately one billion tonnes. Presently, coal supplied to domestic coal-based power plants stands at around 821 MT for the current year 

The coal ministry has revealed its  plans to boost coal production, ensuring an ample supply for thermal power plants. Strategies to enhance production encompass the opening of new blocks, expanding mine capacity, and tapping into production from captive commercial mines. The ministry asserts that all three operational components are actively contributing, with clear plans for further augmentation. Projections indicate that the production plans for 2027 and 2030 will significantly surpass the anticipated domestic requirement for thermal power plants, including additional capacity.

In a statement, the coal ministry outlines its ambitious targets, aiming to produce 1,404 million tonnes (MT) of coal by 2027 and a further increase to 1,577 MT by 2030, up from the current annual production level of approximately one billion tonnes. Presently, coal supplied to domestic coal-based power plants stands at around 821 MT for the current year. The ministry takes cognisance of the additional coal needs for the impending addition of 80 GW of thermal capacity by 2030.

Anticipating a coal requirement of around 400 MT at an 85 per cent plant load factor (PLF) for the additional thermal capacity, the ministry notes that the actual requirement may be lower, factoring in contributions from renewable sources. Notably, coal stocks have begun to accumulate at thermal power plants, reaching approximately 20 MT. Simultaneously, various mines boast a stockpile of 41.59 MT. The comprehensive coal stock, inclusive of transit and captive mines, stands at 73.56 MT, reflecting a year-on-year increase of 12 per cent compared to 65.56 MT last year.

Examining the performance metrics, the growth in power generation for domestic coal-based plants registers at 8.99 per cent. In parallel, coal production has surged by 13.02 per cent year on year. Over the last three months, the demand for thermal power has witnessed an impressive upswing, recording a growth rate exceeding 20 per cent compared to the corresponding period last year.