Speaking to reporters about the achievements of the NDA government since 2014, Reddy also said that exploration has begun in the critical mineral blocks acquired in Argentina, and production should commence as early as possible.
Also read: Coal linkage auctions: Coal India steps up supply to non-regulated sector, offers record volumes
“Earlier, there used to be a shortage of coal. Now, the Government of India has coal reserves sufficient for 80 days of power generation. Since the monsoon season has begun, coal production could face disruptions due to heavy rainfall,” the union coal and mines minister told reporters here.
“Following the directives of Prime Minister Narendra Modi, we have maintained coal reserves for 80 days,” he added.
Highlighting the importance of critical minerals, Reddy said that the Centre is identifying critical mineral reserves and undertaking exploration activities.
He added that auctions have also begun in areas where exploration has been completed.Also read: Coal ministry invites applications under gasification projects
The Centre is encouraging private players to import either processed or semi-processed critical minerals into India, he said.
Alleging that scams in the coal sector used to make headlines during the previous UPA regime, he said that the country is now producing a record 1,040 million tonnes of coal annually.