ICRA said on Tuesday that import of more coal will assist with defeating the setback in power supply. Notwithstanding, these actions by the public authority are probably going to expand the expense of supply for discoms by 4.5-5.0 percent in 2022-23. ICRA expressed that on May 5, the Ministry of Power (MoP) has given an order under Section 11 of the Electricity Act, which commands that all imported coal-based power plants ought to use power at their full ability to satisfy the developing need. will work and deliver.
According to this mandate, all states and power age organizations (Genco) in view of homegrown coal should import no less than 10% of their fuel prerequisite for mixing with coal and satisfying the developing need for power. This order of the service is substantial till 31 October 2022. Since the ongoing Power Purchase Agreements (PPAs) don't accommodate go through of fuel cost for these ventures, Subsequently, the duty for supply from these plants under the PPA will be determined by a panel comprising of delegates of MoP, Central Electricity Authority and Central Electricity Authority Commission. The Central Electricity Authority Commission is at present considering the flow coal costs.
In December 2021, the MoP had given a warning to state gencos and IPPs (free power makers) to meet their coal necessities by mixing of imported coal to the degree of 4%. This directive has come in view of the fact that the improvement in the average coal stock level for thermal generation capacity on all India basis is slowing down as seen from the 8 days stock position as on 7th May, 2022 . 9 days in November-2021, which recovered from the minimum level of 4 days on 30 September last year, as against the standard requirement level of 24 days.
