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India considers further coal imports as concern over energy supply grows

Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks

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Coal India Ltd., the state-run supplier, issued a first-ever import tender in June and NTPC Ltd. also added more purchases from seaborne markets under Prime Minister Narendra Modi’s government’s efforts to bolster supplies.

Rajesh Kumar Singh | Bloomberg
Energy officials in India are considering whether further coal imports may be needed to avoid any fresh squeeze on the nation’s power supply.
 
Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks. Coal helps produce about 70% of India’s electricity.
“We are watching the situation anxiously,” Power and Renewable Energy Minister Raj Kumar Singh said in an interview. “Availability of power for the common man is non-negotiable.”

Plants must maintain adequate stockpiles and import supply if