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India makes power plants import coal to avert looming crunch

India makes power plants import coal to avert looming crunch
India makes power plants import coal to avert looming crunch
  • India has brought back requirements for power plants to import some of the coal they are using as it seeks to build stockpiles and avert electricity blackouts over summer. 
  • Generators will have to import 6% of their coal demand by weight through September to maintain “smooth operations," the power ministry said in a note on its website. India is facing a deficit of 24 million tons of the fuel in the six months starting April.
  • Coal is crucial to India’s economy — it typically generates around 70% of the nation’s electricity — and it’s especially important for power plants to build inventories for the summer when scorching heatwaves lead to heavy air-conditioning use.
  • The country also mandated purchases from overseas for several months last year, but it’s still a fairly rare move as it runs counter to New Delhi’s aim of greater energy self-reliance.

November Weekly Current Affairs (International) Bitbank: With which country India is set to unveil the 'Young Professionals Scheme'?

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Published date : 10 Jan 2023 05:01PM

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