New Delhi: Stressing the need to employ new mining technologies, Coal India Ltd chairman Partha S. Bhattacharyya said India is likely to run out of its 60-70 billion tonne of coal reserves by 2040-41 if the demand continues to grow at the present pace.
“The demand for coal will reach two billion tonnes mark by 2016-17. We need to grow at the rate of 17-18% from present 6-7% to meet this growing demand,” Bhattacharyya said at the ICC Coal Summit here.
“The demand (for coal) by power sector for 2011-12 has been pegged at around 730 million tonnes but the production target for the 11th Plan is at around 680 million tonnes,” he said. However, minister of state for coal Santosh Bagrodia felt there was no shortage it could be unearthed at the rate of 12% by this year itself.