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Coal imports to surge to a record in 2019, shipments will climb 11%: Adani

India is seen maintaining its reliance on coal-fired power, which accounts for 70% of its electricity generation, even as the fuel emerges as a leading cause for the country's toxic air

India’s thermal coal purchases are expected to surge to a record this year and remain robust through the next decade as domestic supply lags demand, according to the country’s largest importer. Overseas shipments will climb almost 11% to 184 million metric tons during the financial year started April 1, and rise further to average about 200 million annually through the following decade, according Vinay Prakash, chief executive officer for coal and mining at Adani Enterprises Ltd. Generators designed to run on imported coal will keep fueling demand, while consumers close ...