Amid reports of the ongoing coal shortage in the country, Union Finance Minister Nirmala Sitharaman has said there is no shortage of coal and dubbed reports in this regard as “absolutely baseless”.
New Delhi: Amid reports of the ongoing coal shortage in the country, Union Finance Minister Nirmala Sitharaman has said there is no shortage of coal and dubbed reports in this regard as “absolutely baseless”.
"Absolute baseless! There is no shortage of anything. In fact, if I recall the minister's statement, every power producing installation has the next four days’ stock absolutely available within their own premises and the supply chain has not broken at all," Sitharaman said here at Harvard Kennedy School on Tuesday.
When asked by Harvard Professor Lawrence Summers about energy shortage and reports of reduced coal inventories in India, Sitharaman during the conversation organised by the Mossavar-Rahmani Center for Business and Government said “there are not going to be any deficiencies which may lead to any shortfall of supply”.
“So that takes care of India's power situation. We are now a power surplus country. We are also taking fairly good amount of risks to see what the basket of energy is available for India, how much is based on fossil fuel and how much comes from renewable and we are always looking at ways in which it can be shifted in favor of renewable energy,” Sitharaman said
Earlier, Union Home Minister Amit Shah held a high-level meeting with Power Minister RK Singh, Coal Minister Prahlad Joshi along with top officials of both the ministries in the North Block on Monday. The meeting also saw the presence of top officials of National Thermal Power Corporation Limited (NTPC). Delhi Chief Minister Arvind Kejriwal on Monday said many Chief Ministers have written to the Central government about the critical situation at power plants due to a coal shortage.