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India's dependence on coal based power is proving to be very expensive

The situation cries out for more global investment in India to retire coal, buy out existing contracts, compensate affected communities and switch to renewables

coal supply, power, energy, mining
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India, famously dependent on coal, has coal-fired plants that run at between 50% and 70% capacity even at times of peak demand. Photo: Bloomberg

Mihir Sharma | Bloomberg
Nothing makes you appreciate air-conditioning like high summer in India. Here in Delhi, temperatures are running over 100 degrees for much of the day, with two full months still to go before the cooling monsoon rains arrive. Unfortunately, just as everyone decided to crank up their ACs or at least their ceiling fans, electricity supply collapsed under the strain in large parts of the country.

This is not, sadly, a rare occurrence. It happens almost every summer and on other occasions when power demand spikes. There’s no clearer evidence that India’s electricity sector, dominated by coal-guzzling power plants and state-run