India Achieves Striking Progress Towards Self-Reliance in Coal Sector: Domestic Coal-Based Power Generation Surges by 8.38%
In a significant stride towards self-reliance in the coal sector, India has witnessed a commendable surge in domestic coal-based power generation, marking an 8.38% increase during the period of April to November 2023.
As the world’s third-largest consumer of energy, India’s annual electricity demand has seen a notable rise of approximately 4.7%. The country experienced a remarkable 7.71% increase in power generation from April to November 2023 compared to the same period in the previous year. This surge in power generation, particularly from coal-based sources, can be attributed to various factors, including an unprecedented rise in temperature, delayed monsoons in the Northern region, and the resumption of full commercial activities post-Covid.
During the specified period, coal-based power generation registered a substantial growth of 11.19%, underscoring the resilience of the sector in meeting the escalating power demand.
The domestic coal-based power generation, reaching a total of 779.1 Billion Units (BU) up to November 2023, reflects an impressive 8.38% increase from the 718.83 Billion Units (BU) generated in the corresponding period of the previous year.
Notably, the nation’s commitment to self-reliance is evident in the substantial reduction of coal imports for blending. The coal import for blending has decreased by a significant 44.28%, reaching 15.16 Million Tonnes (MT) up to November 2023, compared to 27.21 MT in the corresponding period of the previous year. This reduction aligns with the government’s steadfast efforts to boost domestic coal production, ensuring increased availability and reducing dependence on imported coal. These initiatives play a crucial role in safeguarding foreign reserves and reinforcing India’s commitment to self-sufficiency in the coal sector.
As the nation continues its efforts to enhance coal production further, the focus remains on reducing reliance on imported coal, fostering self-sufficiency, and fortifying the foundations of the country’s energy security. This achievement signifies a crucial step towards securing a robust and self-reliant future in the realm of coal-based power generation.
