Coal stock at power plants has touched 19 days according to data released by the Central Electricity Authority (CEA). This is just two-days short of the 19 days stock level stipulated by CEA which Coal India hopes to touch by end of this month.
The hopes also is aiming at clearing its entire supply backlog for the non-power sector, estimated at 20.5 million tonnes, by March this year.
“Rising production at almost all coal mines made this possible. Till December 2019, Coal India subsidiaries managed to clear almost 75% of the arrear quantity for the non-power sector including steel, sponge iron, cement, captive power plant, aluminum, micro, small & medium enterprise consumers,” a Coal India executive said.
The dry fuel supplier quantifies pending volumes in terms of rakes, or number of goods trains required to send the coal. During April 2019, number of pending rakes for the previous two fiscals, 2017-18 and 2018-19, for the non-power sector stood at 5140. Each rake can carry around 4,000 tonnes of coal and the total pending quantity for the non-power sector was estimated at 20.6 million tonnes.
“By end of December 2019, pending rakes for 2017-18 was down to 230 while that pending for 2018-19 fell to 1,100, totaling 1330 for the two years. We have managed to clear pending quantity of 15.24 million tonnes in the first three quarters of the current fiscal,” the executive said. “With production rising at a steady pace over the last several weeks we are confident of clearing the remaining backlog, estimated at 5.32 million tonnes, by March this year.”
At the closure of December 2019 total coal stock at power plants and mine mouth was 57 million tonnes. Stocks at pit heads stood at 25.3 million tonnes, ahead by 2.1 million tonnes than a year ago period. Stocks at power plants stood at 31.63 million tonnes, sufficient for 18 days’ consumption, more than twice last year’s stock.
“We are adding 0.22 million tonnes per day to the stock at power plants and at this rate the prescribed level of 22-days stock, estimated at 36 million tonnes will be reached by January,” the executive said.