India Urges Utilities to Import Coal Due to Rising Power Demand and Falling Domestic Supplies
-
India has asked utilities to import 6% of their coal requirement until March due to rising power demand and inadequate domestic coal supply.
-
Coal stocks at power plants have fallen rapidly, with inventories dropping the fastest in two years during the first half of October.
-
The power ministry letter asks utilities to blend imported coal with domestic coal to maintain stocks amid higher consumption.
-
Utilities are advised to continuously review their stock levels and opt for more blending if domestic coal supply shortfalls exceed 6%.
-
The request comes amid worries over shrinking coal stocks at power plants.