Power Min asks PFC and REC to arrange working capital loans for ICB power plants in bankruptcy proceedings
New Delhi: The Union Department of Energy led
The Union Minister of Energy and New and Renewable Energy held a meeting on May 9, 2022 on issues related to the working capital of imported coal-fired power plants that are in difficulty or in NCLT.
Given the increase in demand and the unprecedented pressure on the domestic coal supply, the
Last week, the Department of Energy ordered all states and coal-fired generation projects to import at least 10% of their coal requirements for blending.
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“Electricity demand has increased by nearly 20% in energy terms. Domestic coal supply has increased, but the increase in supply is not sufficient to meet the increased demand for coal. electricity. This leads to load shedding in different areas. Due to the mismatch between the daily coal consumption for electricity generation and the daily coal receipt at the power plant, the power plant’s coal stocks have been declining at a rapid pace. worrying,” the ministry said.