THE Union Power Ministry has directed the Tamil Nadu Generation and Distribution Corporation (Tangedco) to reduce coal imports from 6% to 4% for this fiscal year. An official order in this regard is expected soon.
This is expected to reduce the financial burden of the power utility, as according to officials, domestic coal (including the cost to transport) is at least 2,000 lesser per tonne than the imported coal. With Tangedco's annual coal requirement at 223.4 lakh tonnes, a 2% reduction in purchase of imported coal would mean the power utility's purchase will come down by roughly 4.5 lakh tonnes this financial year.
This story is from the July 09, 2024 edition of The New Indian Express.
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This story is from the July 09, 2024 edition of The New Indian Express.
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