Coal India to produce 1 billion tonnes by 2019: Goyal

Updated - November 16, 2021 07:06 pm IST

Published - November 06, 2014 03:33 pm IST - New Delhi

Power Minister Piyush Goyal at the India Economic Summit, in New Delhi today. Photo: Ramesh Sharma

Power Minister Piyush Goyal at the India Economic Summit, in New Delhi today. Photo: Ramesh Sharma

State-miner Coal India (CIL) is looking to double its production to a billion tonnes in the next five years, Power and Coal Minister Piyush Goyal said on Thursday.

“I see Coal India production doubling in the next five years. It makes about 500 million tonnes hopefully this year. We’ll do a billion tonnes in 2019,” Mr. Goyal said at the India Economic Summit.

Mr. Goyal, who is also minister for New and Renewable Energy (MNRE), said a “huge investment opportunity” of nearly $250 billion beckons in the energy sector over the next four to five years, including $100 billion in renewables and $50 billion in transmission and distribution.

“I see investments also coming into wind (energy) with the re-introduction of the fiscal benefits that were earlier available,” he said.

“This government is sincere in giving power to all and this government will protect investments as we go forward,” the minister added.

Emphasising that renewable sources of energy are one of the thrust areas of the government, Mr. Goyal said his ministry was taking measures to ensure that solar power generation would touch 100 GW by 2019.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.