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India is facing a “severe and protracted” power crisis due to the price inflation of coal, which the country uses to generate as much as 75 percent of its power, Indian media report, citing S&P Global Commodity Insights. India found itself in the middle of a power shortage as several factors combined, including rising coal prices, which discouraged imports, leaving stockpiles at critically low levels, and a heat wave that pushed demand earlier this year much higher. The country is working on boosting its domestic production, and…
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India Coal Crisis Is Far From Over
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OILPRICE India Coal Crisis Is Far From Over India is facing a “severe and protracted” power crisis due to the price inflation of coal, which the country uses to generate as much as 75 percent of its power, Indian media report, citing S&P Global Commodity Insights. India found itself in the middle of a power shortage as several factors combined, including rising coal prices, which discouraged imports, leaving stockpiles at critically low levels, and a heat wave that pushed demand earlier this year much higher. The country is working on boosting its domestic production, and…
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