With the considerable increase in domestic coal production, India has achieved significant reduction in the import of coal despite surge in power demand. Imports of all grades of Non-Coking Coal has come down to over 125 Million Tonne during the period April to January 2022 from 163 Million Tonne during the corresponding months of the Financial Year 2020, a decline of about 23 percent.
The domestic coal-based power generation up to January this year is over 815 Billion Units with an increase of 12.55 percent over 724 Billion Units during the corresponding period of Financial Year 2020. Imported coal-based power generation which was over 78 Billion Units during April to January 2020 has reduced by 55 percent to 35.13 Billion Units during the corresponding months of the current Financial Year 2022.
The import of Non-Coking coal primarily used in power sector has decreased by 60.87 percent from 58.09 Million Tonnes to 22.73 Million Tonnes upto Jan 2022 in comparison to the same period of Financial Year 2020.
India is the world’s third-largest energy-consuming country and electricity demand grows by 4.7 percent each year. To reduce the dependence on imports of coal, major reforms initiatives has been undertaken by the Ministry of Coal with the vision of AtmaNirbhar Bharat. The Ministry has amended the Mineral Concession (Amendment) Rules, 1960 under MMDR (Amendment) Act, 2021 to allow lessees of captive mines to sell coal or lignite up to 50 percent of the total excess production after meeting the requirements of the end-use plant.
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