India is in the midst of a massive power crisis with shortage of coal being cited as one of the key reasons. However Arup Roy Choudhury, CMD of state-run power generator NTPC said, things have definitely improved in the last couple of weeks.
The mining space was under severe stress of late with a barrage of issues ranging from political agitation to worker strikes. “We also had the aftereffect of the monsoon season to deal with,†Choudhury said adding. “but all seems well going forward, and the generations have again picked up.â€Â
NTPC’s plant load factor or PLF is up over 90%, informed Choudhury. He expects power generation to be much better in the third quarter compared to the previous one.
On the issue of imported coal, Choudhury said, it is not a viable option for Indian power producers. “We have to look at power generation through domestic coal,†he stated.
Source: Money Control
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