Is there coal shortage in India?
Coal stock crunch at thermal plants India recorded a power supply shortage of 1,201 million units in October 2021 — the highest in 5.5 years — due to a crunch in coal stocks available with thermal plants. With a shortage of 77 million units, Jharkhand too recorded its highest deficit in more than a decade.
Why is there a shortage of coal in India?
Reasons such as excessive rainfall, international price rise, Covid-19 pandemic, less production, transportation issues including freight rates and high consumption were cited as the reason for the coal shortage. In short, power generation has taken a hit and people living in the cities emerged as the sufferers.
What is the future of coal in India?
Continued expansion of India’s economy is expected during 2022-2024, with annual average GDP growth of 7.4 per cent, fuelled at least partially by coal. We forecast coal consumption to increase at an average annual rate of 3.9 per cent, to reach 1185 Mt in 2024,” IEA’s Coal 2021 report said.
How long will coal reserves in India last?
Coal Reserves in India India has proven reserves equivalent to 111.5 times its annual consumption. This means it has about 111 years of Coal left (at current consumption levels and excluding unproven reserves).
Does India import coal?
India’s total thermal coal imports in 2021 may have edged higher from 156.09mn t in 2020. India imported 116.57mn t of thermal coal in January-September 2021, according to customs data, and going by the average fourth-quarter imports in the last five years, the receipts could have been slightly over 160mn t in 2021.
What is causing coal shortage?
Rohit Chandra, assistant professor at the Indian Institute of Technology (IIT Delhi), who has been closely tracking the energy issues in the country, told Mongabay-India that the “short term causes behind the shortage are the increase in the international price of coal, monsoon impacting mining and transportation of …
What caused shortage of coal?
Who is responsible for coal shortage in India?
The Modi government
“The Modi government is responsible for the shortage of coal,” he said. As per the government data, the number of non-pit head plants with less than four days of dry fuel stock (supercritical stock) increased to 70 this Sunday compared to 64 a week ago on October 3.
Can we invest in Coal India?
Stocks of coal producing companies can serve as an excellent form of investment, especially in India and China. This is mainly because thermal power plants are set up at an astounding rate, in order to triple the production of thermal power over the next decade.
Will Coal India survive?
Low per-capita energy consumption means India must still grow its energy supply. Even assuming India doesn’t start building any more coal power plants going forward, it still means that in 2030 about half of India’s electricity will come from coal.