India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages.
The energy-hungry nation expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15% higher than previously projected, due to higher growth in power demand and lower output from some mines.
India expects domestic coal supply of 154.7 million tonnes, 42.5 million tonnes short of the projected requirement of 197.3 million tonnes in the September quarter, the presentation showed. It previously expected a shortage of 37 million tonnes. Coal inventories at power plants have declined by about 13% since April, which translates to eight days of coal requirement, the lowest level at this time of the year in at least nine years. The higher coal demand could also stifle efforts to build power plant inventories.
India reconciled its coal demand projections after higher-than-expected power demand growth in April, when electricity use hit a record high due to soaring temperatures.to import coal in bulk and distribute it among the states, the officials said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
India Q1 GDP growth likely slowed for the third consecutive quarter - Reuters pollIndia's economic recovery from the COVID-19 pandemic likely stumbled again in the first quarter of this year primarily due to Omicron-related restrictions and higher inflation, a Reuters poll showed.
Weiterlesen »
The Curious Case of Coinbase's India Communications StrategyThe communications strategist of Coinbase in India remains a mysterious entity, or is it simply a CEO gone rogue? Coinbase refuses to comment but sources explained what Coinbase’s strategy in India means for the nation. Amitoj Singh reports.
Weiterlesen »
India to roll out CBDC using a graded approach: RBI Annual ReportHalfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
Weiterlesen »
Monsoon rains likely to hit India in two to three days, weather office saysMonsoon rains are likely to hit India's southern Kerala coast in the next two to three days, the weather office said on Friday, marking the start of the four-month rainy season that is forecast to be average this year, helping the farm sector.
Weiterlesen »
India Wants to Be the ‘Pharmacy of the World.' But First, It Must Wean Itself From ChinaAlready the world’s third-largest manufacturer of medicines by volume, India has one of the lowest manufacturing costs globally.
Weiterlesen »
Japan reiterates plan to cut reliance on coalJapan reiterated on Friday its policy to reduce reliance on coal-fired electricity generation as much as possible, with plans to phase out inefficient coal power plants towards 2030.
Weiterlesen »