India invokes emergency law to address power crisis

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India is planning to reopen more than 100 coal mines previously considered financially unsustainable. India is facing its worst power crisis in over six years, and officials have been scrambling to arrange supply for power plants whose pre-summer inventories are at over nine-year lows with power demand set to rise at the fastest pace in at least 38 years.

Over 43% of the plants fired by imported coal, which have a total capacity of 17.6 gigawatts (GW) and account for 8.6% of India’s total coal power capacity, are currently idle. Financially stressed idle plants will be able to restructure debt, while a government committee will facilitate passing on higher costs of generation to customers, the government said in an order.

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