Economic growth of a nation critically depends on availability of energy, and coal is the main source of energy in India. Some key facts about our coal resources are given below-
- India has the world’s third largest coal reserves in world
- The assessed resources of coal stand at 298 billion tonnes which are expected to last for about 102 years at current rate of use
- About 65% of our electricity is generated by coal
- The majority of coal produced is consumed by the power sector–over 75%
- India’s largest coal producer Coal India produced over 557 million tonnes in 2012-13, but still it imported about 80 million tonnes as it could not produce enough
- To increase production a number of new projects are planned to be taken up in PSU coal companies and a number of coal blocks are being allocated to various private and government companies
- With a view to infuse competition in the coal sector it has been proposed to take up the exercise of restructuring of Coal India Limited
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