In a recent update, Bharat’s domestic coal-based power generation has surged by 8.38%, reaching a substantial 779.1 Billion Units (BU) in the April-November period of the fiscal year 2023-24. This marks a notable increase from the 718.83 BU recorded in the same timeframe last year, according to an official statement released on Saturday.
The broader picture reveals a commendable growth in the nation’s overall power generation, witnessing a 7.71% rise during the same period, as reported by the coal ministry. The noteworthy uptick of 11.19% in coal-based power generation is attributed to a combination of factors, including an unprecedented rise in temperature, delayed monsoon in the northern region, and the resumption of full commercial activities post-Covid.
Despite an escalating demand for power, coal import for blending has seen a substantial decrease of 44.28%, plummeting to 15.16 million tonnes (MT) up to November in the current fiscal year, compared to 27.21 MT in the year-ago period. The coal ministry emphasizes that this decline underscores the nation’s commitment to self-reliance in coal production and minimizing overall coal imports.
The government’s persistent efforts to bolster coal production are evident in its aim to increase availability and reduce dependence on imported coal. This strategic move is not only boosting domestic production but also safeguarding foreign reserves, aligning with the nation’s broader economic goals.
In conclusion, Bharat’s energy landscape is experiencing a significant shift with a robust growth in domestic coal-based power generation, coupled with a substantial reduction in coal imports. The government’s unwavering commitment to self-reliance and boosting coal production signifies a crucial step towards ensuring energy security and economic stability in the long run.
Comments