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CIL nods to stock power plants to avoid power deficit situation

CEA has mandated to have 22 days of stock at power plants by January to avoid power deficit situation which occurred last year due to constrained coal supplies. Following this move by CEA, CIL has planned to increase average daily production from 1.27 million tonnes in October to 1.8 million tonnes. To encourage consumers to lift up adequate coal supplies from CIL coal mines, CIL has offered limited credit facilities by doing away with the advance payment norm. This CEA move is poised to improve power deficit condition that usually prevails during peak demand season.