He also said the ministries of coal, railway and power are desperately inventing excuses to hide their "monumental incompetence".
The fate of the ultra power plant of PSU Power Finance Corporation (PFC) planned eyeing the huge coal deposits in Sundargarh’s Hemgir block now hangs in balance.
Can there be a market of sellers without paying customers? For decades India’s political class persisted with the “extend and pretend” model of reforms in the power sector.
Demand for coal is expected to rise until 2030. "If we aren't to win that market, somebody else will," Australian Minister Keith Pitt said.
Energy department officials said the government has decided to buy electricity at a higher rate to keep up the supply during the Dussehra and the Diwali festivals.
Out of India's 135 coal plants, 108 were facing critically low stocks, with 28 of them down to just one day's worth of supply.