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Coal crisis reports baseless: Nirmala Sitharaman

  • Nirmala Sitharaman is in Boston as part of an official visit to the US

New Delhi: Finance Minister Nirmala Sitharam has rejected reports of coal shortage in the country. Calling India  a power surplus country, Sitharaman said that there was no shortage of coal and that the reports claiming so were “absolutely baseless”.

She pointed out that power minister RK Singh had gone on record two days back saying that baseless information of likely shortage of coal had been floating around and would lead to gap in supply and demand.

“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,” said Sitharaman while speaking at Harvard Kennedy School in Boston on Tuesday, when asked about depleting coal stocks in India.

“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. So the picture is not of short supply, but it’s also picture of newer components into the basket,” she said.

Nirmala Sitharaman had reached New York on Monday on an official visit to the US.


‘Lakhimpur violence condemnable’

To a question regarding the Lakhimpur Kheri violence in Uttar Pradesh on October 3, FM Nirmala Sitharaman said that the incident was “absolutely condemnable”. However, there were such issues happening in other parts of the country which should be raised when they happen, she added, hinting that the Lakhimpur issue was being raked up more because of the BJP goverment there.




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