CIL moves to import coal for first time as power demand tops 210 GW

Jun 9, 2022

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NEW DELHI: India’s peak energy demand shot previous 210 gigawatts (GW) at 3 p.m on Tuesday to smash the earlier file of 209.8 GW hit a day earlier, at the same time as Coal India Ltd (CIL) invited bids for importing coal for the primary time with the purpose of serving to era firms construct up gasoline inventories for the wet season.
Reflecting the rising demand, vitality consumption — or items of energy consumed —additionally clocked a historic 4,712 million items (MU) on and gross era throughout the nation stood reached highest-ever at 4,824 MU on Tuesday because of the federal government’s efforts to make sure 24X7 reasonably priced energy for all, energy minister R Ok Singh tweeted.
The regular rise in demand, sustained by continued warmth wave due a break within the monsoon and increasing financial actions, amid low coal shares at a majority of energy vegetation point out the resilience within the gasoline provide chain system regardless of logistical challenges. The elevated availability of wind and hydro energy can also be serving to ease stress on railways for transporting coal.
CIL’s tender for importing 2.4 million tonnes of coal within the July-September interval is geared toward constructing inventories at seven state gencos and 19 impartial energy vegetation.
The transfer follows the Centre ordering states and gencos to import coal for 10% mixing with home provide. Subsequently, states advised a single-point procurement to keep away from undesirable competitors that may have pushed up coal costs additional. CIL was then given the mandate.
CIL is searching for coal with gross calorific worth of 5,000 kilo calorie, which can substitute twice the quantity of home coal. CIL will ship within the coal at 9 ports within the east and west coasts and ship to the facility vegetation. The tender doesn’t specify the supply of the coal however has a provision for 30% variation within the amount. The bids shut on June 29.
After the value discovery, CIL will execute a contract with the profitable bidder for provide of coal and a back-to-back settlement with state gencos and energy vegetation who’ve indented the gasoline.



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