Union Coal and Mines Minister G. Kishan Reddy said thermal power plants across the country have sufficient coal reserves. He was speaking at the launch of the 13th round of commercial coal mine auctions, where 14 blocks have been offered to bidders.
134 Mines Auctioned Since Commercial Mining Reform
Union Minister Reddy said that the Government’s decision to open up coal mining for commercial use has already led to the auction of 134 mines. He said that with electricity demand likely to increase in the coming years, coal production will have to be increased accordingly. He highlighted the situation before 2014 and mentioned that frequent power shortages had forced factory owners in Telangana to strike and farmers to wait till midnight for electricity. “Today, every state enjoys reliable power supply due to record coal production and transformative reforms,” he added.
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Ministry Focused on Growth and Cooperation in Coal Sector
Minister of State for Coal Satish Chandra Dubey said the auctions would strengthen India’s energy security while bringing good revenue to coal-rich states and creating jobs and business opportunities locally. Coal Secretary Vikram Dev Dutt said that since 2014, various reforms have made the sector more transparent, improved ease of doing business, and enhanced coordination with states and regulators. Officials noted that the ministry, guided by Prime Minister Narendra Modi, is committed to maintaining steady coal production while encouraging technology based and stakeholder friendly growth in the sector.
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