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News Brief | December 2014

´Possible to stop imports of thermal coal´

India, the world´s third-largest buyer of overseas coal, may be able to stop imports of power-generating thermal coal in the next three years as state behemoth Coal India steps up production, the country´s Power and Coal Minister has said. Prime Minister Narendra Modi´s government has asked Coal India, the world´s largest miner of the fuel, to more than double its output to 1 billion tonnes by 2019 to feed existing and upcoming power plants. Modi has promised round-the-clock power to all Indians by 2022 and recently announced the nationalised coal industry would be opened up to allow private firms to compete with Coal India, which accounts for 80 per cent of the country´s output.
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