New Delhi: Union Power Minister RK Singh has said there will be no power crisis in the country amid the ongoing low coal stocks at power plants and stressed the need for timely payments by distribution companies to the plants for electricity supplied to them.

After the launch of the green day market for the sale of renewable energy on exchanges, Singh said: "There was no power outage yesterday. There was no power shortage. It did not happen even before. If there is some outage, then that is because of our own constraints. Power plants in the country have more than eight million tonnes of coal at present."

According to the latest report of the Central Electricity Authority (CEA) which monitors 135 plants with over 165GW capacity, thermal projects had 8.1 million tonnes of coal on October 23, 2021, which is sufficient for four days for these 135 plants.

Besides, the report showed as many as 49 non-pithead plants had less than four days or supercritical stock of dry fuel on Saturday compared to 62 such plants a week ago on October 16. This shows gradual improvement in the coal stock situation at thermal power plants in the country.

About huge outstanding towards Coal India, he said, "There is around Rs 16,000 crore which has not been paid to Coal India, unless and until Discoms pay Gencos (power generating firms) for the power supplied to them, the Gencos would not be able to pay for coal."

He further informed: "The dues of all generating companies (excluding states owned) are Rs 75,000 crores. How do you expect those generation companies to pay for coal or railways? This is not sustainable. Every State has to understand that electricity is not free." /BI/