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Shortage-hit India exporting coal to China and Japan

New Delhi Jul 06, 2012,

The country is facing a power shortage due to a lack of fuel but the government has been allowing export of coal. Domestic availability of the fuel having gone from bad to worse has not been a deterrent. According to the latest official estimate, more than 20 million tonnes (mt), worth about Rs 4,000 crore, has been shipped out over the past decade.

Indian coal exports jumped 50 per cent in 2009-10 and 83 per cent in 2010-11. Countries such as China and Japan are among the major importers, according to provisional coal statistics (2010-11) published by the Coal Controller’s Organisation ( CCO), under the coal ministry.

Companies producing energy resources like crude oil and natural gas are not permitted to export them but there seems to be no policy barring coal exports. While the quantum of annual coal exports has not been huge, the sudden spurt in exports post 2008-09 and the fact that the commodity is being shipped out at a time when the country is grappling with an unprecedented availability crisis has left sector experts shocked...

http://www.business-standard.com/india/news/shortage-hit-india-exporting-coal-to-chinajapan/479589/