Standard Post with Image

Coal imports may rise to 62 mt in FY19

<p>Higher demand for thermal power and lower-than-required growth in domestic coal output may push up coal imports to 62 million tonne this fiscal, says India Ratings. According to the ratings agency, imported coal requirement is likely to increase to 62 million tonne this fiscal from 56 million tonne in FY2018 to meet the incremental power generation.</p> <p>The stable-to-negative outlook continues to reflect India expectation of a continued low plant load factor of 60-62 per cent of coal-based thermal power plants over the rest of FY19, because of large capacity additions in the past five years and domestic coal availability challenges. The country&#39;s dependence on thermal power generation is likely to remain high in the absence of any substantial improvement in power generation from other sources</p>