Coal imports by power units slide to 7 year-low
The Hindu
Price drives trend, exacerbates deficit
Indian utilities’ coal imports fell more than 73% in September to their lowest in more than seven years due to high prices, government data showed, despite a call by the Centre to boost shipments to arrest a crippling coal shortage.
Imports by utilities fell to 1.08 million tonnes in September, compared with 4.03 million tonnes a year earlier and 5.23 million tonnes in September 2019.
India had urged utilities to import coal in late August as coal-fired electricity generation surged after coronavirus-related curbs were eased, with several power plants being pushed to the verge of running out of fuel.
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