The Indian government has asked power providers to import steam coal amid a national shortage that coincides with the summer surge in electricity demand and a drop in hydropower generation. More than 40 thermal power plants have less than five days of coal stocks, the Central Electricity Authority's has said. Furthermore, India's poor rail network is hindering coal deliveries to power stations and power utilities have decreased coal imports 13% YoY. Coal imports are to rise in the 2018-2019 fiscal year amid a drop in domestic production and an incoming ban on petroleum coke, according to market sources.
The Indian government has asked power providers to import steam coal amid a national shortage that coincides with the summer surge in electricity demand and a drop in hydropower generation. More than 40 thermal power plants have less than five days of coal stocks, the Central Electricity Authority has said. Furthermore, India's poor rail network is hindering coal deliveries to power stations and power utilities have decreased coal imports 13% YoY. Coal imports are to rise in the 2018-2019 fiscal year amid a drop in domestic production and an incoming ban on petroleum coke, according to market sources.