India Shelves Coal Import Plan as High Global Prices, Weak Rupee Raise Costs
7 Articles
7 Articles
India shelves coal import plan as high global prices, weak rupee raise costs
India has decided not to mandate coal imports for power plants due to high international prices and a weaker rupee. Coal stockpiles have reached critically low levels at many power stations, prompting concerns about electricity shortages in the country. Policymakers are focusing on boosting domestic coal production and improving transportation to mitigate the situation.
India Shelves Import Plan to Tackle Diminished Coal Stockpiles
India shelves coal import mandate for power plants, Bloomberg News ...
India has decided to reverse a plan that required power plants to mix imported coal with domestic supplies with a view to alleviating the current fuel shortage, according to well-informed sources. The proposal was recently put forward as a way to rebuild stocks at power plants, but India preferred not to rely on imports at high cost.
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