Power Ministry to hold a meet today over coal shortage issue

CNBC-TV18 has learnt that the Power Ministry is going to take stock of the coal shortages on Monday. Over 87,000 megawatt coal-based power plants have stocks between zero to eight days as of August 29. These are as many as 69 power plants.

Yesterday Power Secretary reviewed the coal stock position and has directed the regulation of coal to the power plants having more than 15 days stock. Now, this will lead to redistribution of coal to plants having supercritical and critical coal stocks.

Now 1.7 lakh tonne of coal from 26 stations will be diverted. Apart from this, the ministry is also saying that 6,000 megawatt capacity is lying idle or not supplying power due to power purchase agreement (PPA) related issues from Mundra in Gujarat. Now, Adani Power, Tata Power and Essar Power have the issue of compensatory tariff on their Mundra units.

The Power Ministry has scheduled a meeting today to resolve the issues of the Mundra power plant. It is likely that the power ministry will discuss the selling of power from the Mundra plant to exchanges.

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