Energy crisis deepens in India; just four days of coal reserves left

The worsening squeeze on India’s coal supply is triggering a power crisis that’s threatening to stall the world’s fastest-expanding major economy.
Coal-fired power stations had an average of four days’ worth of stock of the fuel at the end of last month, the lowest level in years, and down from 13 days at the start of August. More than half the plants are on alert for outages.

With coal used to produce almost 70% of electricity, spot power rates have surged, while supplies of the fuel are being diverted away from key customers including aluminum smelters and steel mills.