The world’s largest coal miner will issue a short-term lender importing coal, media reported. The short-term tender will seek delivery of imported coal between July and December, while the medium-term tender will demand supplies between July 2022 to June 2023.

According to the official, the tenders will be placed on a business-to-business (B2B) basis, as government-to-government (G2G) imports – suggested by the power ministry last week – would delay the process.

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The central government had asked the miner to place orders for shipments from overseas last week. The deadline for states to submit their requirements to the power ministry had been extended to 3 June from 31 May.

Utilities had suggested that multiple tenders would lead to confusion and sought centralised procurement through Coal India.

It would be the first time since 2015 that Coal India has imported the fuel.
India has rolled back a policy to cut thermal coal imports and plans to reopen closed mines to address rising power demand.

India faced its worst power crisis in over six years in April due to higher electricity demand, despite record production by Coal India during March 2022.

Coal accounts for nearly 75% of India’s power output, and Coal India produces 80% of domestic coal.
Coal India has previously blamed lower output from import-based coal plants, adding that fewer imports put more pressure on domestic mining.