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Govt looking to stop substitutable import of thermal coal from 2023-24: Coal Minister

19 Feb 2020 Evaluate

Union Coal and Mines Minister Pralhad Joshi has said that the government is looking to stop the substitutable import of thermal coal from 2023-24. He also said the government wants to bridge the substitutable shortfall by 2023-24 and it may conduct an auction of 100 fully explored blocks.

Joshi has stated that the government had recently approved the amendments which intend to open up new areas of growth in the coal and mining sector. He noted that the latest move in the coal sector is expected to create an efficient energy market, thereby bringing more competition, while reducing coal imports. 

Stressing upon the diversification in the coal sector, the minister said that Coal India (CIL) could think of coming up with the art of pithead thermal power plants to transform it into an integrated company. He said it was also proposed that CIL could generate 5GW of solar power by 2023-24 and could diversify into coal gasification with a target of 5 million tonnes by 2030 enabling a sustainable energy mix for the country.

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