21 million tonnes
annual requirement of coal for all of the thermal units operated by Tamil Nadu's genco - Tangedco.
5.5 million tonnes
imported mostly from Indonesia, while the rest - around 16 million tonnes is sourced from Coal India.
$60 per tonne
cost of coal imported from Indonesia as per current tender which is set of expire at the end of this month (Nov 2016).
$90 per tonne
price of coal next year onwards, from Indonesia, if new tender is released.
Rs. 400 crore
Tangedco's savings per annum as it will now source all of its coal from Coal India Ltd.The coal ministry agreed to provide coal from the Singareni mine which has better quality of coal than Nagpur and Ib Valley, Odisha
MoU signed with Singareni Coal Mines to procure high grade coal for its thermal units. The MoU marks the beginning of the import substitution of coal and in another three months, Tangedco plans to put a stop to the total import of coal.
Savings per metric tonne of coal due to import substitution.
3.992 million tonnes
Coal imported by Tangedco in FY17, i.e. Apr 2016 - Mar 2017 as against the 5.50 million tonnes that it planned to import from Indonesia.
0.917 million tonnes
Coal imported so far in the first 3 months of FY18 - Apr 2017 to Jun 2017. Going by what has been imported in the first 3 months, the genco is likely to end up importing 3.668 million tonnes anyway, indicating that the import substitution has not worked.