Coal: Choice for Indian Energy
Coal is the most important & abundant fossil fuel in India and accounts for 55% of India's energy need. India's industrial heritage was built upon indigenous coal, largely mined in the eastern and the central regions of the country. India is, however, poorly endowed with oil assets and has to depend on crude imports to meet a major share of its needs (around 70 percent).
A large population of India in the rural areas depends on traditional sources of energy such as firewood, animal dung and biomass. The usage of such sources of energy is estimated at around 155 mt per annum or approximately 47 percent of total primary energy use.
Coal has been recognized as the most important source of energy for electricity generation in India. About 75% of the coal in India is consumed in the power sector. In addition, other industries like steel, cement, fertilizers, chemicals, paper and thousands of medium and small-scale industries are also dependent on coal for their process and energy requirements. In the transport sector, though direct consumption of coal by the Railways is almost negligible on account of phasing out of steam locomotives, the energy requirement for electric traction is still dependent on coal converted into electric power.
The Geological Survey of India at 247.85 billion tonnes as has estimated the coal reserves of India up to the depth of 1200 m on January 1, 2005 of which 92 billion tones are proven. Hard coal deposits spread over 27 major coalfields, are mainly confined to eastern and south central parts of India.
In spite of various policy initiatives to diversify the fuel mix but considering the limited reserve potentiality of petroleum & natural gas, eco-conservation restriction on Hydel project and geo-political perception of nuclear power, it is becoming increasingly evident that coal will continue to occupy center-stage of India's energy scenario. Indian coal offers a fuel source to domestic energy market for the next century & beyond. Based on estimates, the consumption of coal is projected to rise by nearly 40 percent over the next five years and almost to double by 2020.
Coal is available through E- Auction for which one has to get registered with MSTC Ltd., and or Metal Junction – (Coal India’s authorized auctioneers) and pay earnest money or by permanent linkage for which one is entitled after fulfilling the condition put down by the Ministry of Coal, Govt. of India, New Delhi to get coal at Listed Price.
We are engaged in trading & providing all the necessary services for procuring the coal as mentioned above on behalf of the client.
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