India staring at power crisis with coal stocks down to days
3 years, 2 months ago

India staring at power crisis with coal stocks down to days

Associated Press  

NEW DELHI — An energy crisis is looming over India as coal supplies grow perilously low, adding to challenges for a recovery in Asia’s third largest economy after it was wracked by the pandemic. Out of India’s 135 coal plants, 108 were facing critically low stocks, with 28 of them down to just one day’s worth of supply, according to power ministry data released on Wednesday, the most recently available. On average, coal supplies at power plants had fallen to about four days worth of stock as of the weekend, the ministry said in a statement. Coal prices in Indonesia, one of India’s suppliers, swelled to nearly $162 per ton this month from $86.68 in April, boosted by surging demand in China, where recent power cuts have forced factories to shut down and left some households in the dark.

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