Coal rationed in India due to increased in demand

Chamber of Shipping > Blog > News > International > Coal rationed in India due to increased in demand

State-run Coal India Ltd, the world’s biggest coal miner, has temporarily stopped supplying nonpower users, the company said in a statement on Thursday, as India battles one of its worst power supply deficits in years. India is competing against buyers such as China, the world’s largest coal consumer, which is under pressure to ramp up imports amid a severe power crunch. India has asked power producers to import up to 10 per cent of their coal needs amid fuel shortages and has warned states that federal companies will curb their power supplies if they are found selling electricity on power exchanges to cash in on surging prices. India is the world’s second largest coal producer, with the world’s fourth largest reserves but most of India’s 135 coal-fired power plants have fuel stocks of less than three days.

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