GoI to bring NTPC, power PSU thermal coal import to zero
Q. GoI is aiming to bring thermal coal imports of power PSUs like NTPC in the current fiscal to what value?- Published on 02 May 17a. zero
b. 10 percent
c. 15 percent
d. 20 percent
ANSWER: zero
The government of India aims to bring down to “zero” thermal coal imports of power PSUs like NTPC in the current fiscal, a move that would reduce the country’s import bill by around INR 17,000 crore.
The government would also slowly convince the private companies operating in the power space to totally stop the import of thermal fossil fuel.
The company would want that coal import by these plants (of public sector companies) should be brought down to zero and slowly they would convince the private sector there is no need to import coal.
The government will also convince upon the private companies in the power sector to source coal through domestic sources as it is more reliable and prone to less price variations.
The move is likely to substantially bring down the country’s import bill. India will save around Rs 17,000 crore on import bill.
The Coal Ministry will make available to the power public sector units (PSUs) the supply of thermal coal through domestic sources in sufficient amount which would prompt the companies to not resort to import of fossil fuel.
