Coal India pushes back 1 billion tonnes output target by 6 years to 2026

1-Oct-2018

Coal India (CIL) has officially pushed back a target to produce 1 billion tonnes annually by six years to 2026.

The goal will be achieved by 2025-26 because of changes in the country’s carbon emission targets, sluggish industrial growth, changing energy mix, environmental challenges and difficulties in acquiring land, the state-owned company said in a report.

Another factor was the changing trend in the country’s coal demand.

The Ministry of Coal has hired a consultant to prepare a Vision 2030 document for the coal sector, taking into account the likely demand under various scenarios, views of the Ministry of Power and the impact of the Paris Agreement of December 2015 to combat climate change.

Source: THE ECONOMIC TIMES