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Coal India Limited (CIL) has set a production target of 492 million tonne for 2013-14. This is just six per cent higher than the target of 464 million tonne, it had fixed for 2012-13. It may look adequate when compared with the 615 million tonne target, Coal India has to achieve by 2016-17, but it may not be good enough to meet the increasing demand from sectors like steel and power.
Coal remains the primary energy source used in power generation and accounts for 67 per cent of total electricity generation. The inability of Coal India to meet the demand of working power plants has increased the peak power deficit to around 9 per cent during 2012-13.
Coal India is committed to supply around 80 per cent of the coal requirements of the existing as well as new power plants expected to be commissioned during the 12th Plan period. The government expects around 60,000 MW of coal-based power generation capacity to come up by 2016-17.
Coal India will sign about 143 Fuel Supply Agreements (FSAs) by 2014-15 with the power projects which have been assured coal supply during the 12th Five-Year Plan period.
As of 20 February 2013, Coal India has signed FSAs with 55 power plants with a capacity of 21,741 Mw which are either commissioned after 31 March 2009 or are currently under various stages of implementation. Additionally, 92 more FSAs are to be signed by 31 March 2013.
The 2013-14 Budget mentioned about the likelihood of Coal India taking up mining development project with private developers under the PPP framework.
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