India staring at power outage in multiple states amid coal crisis
Amid rising power demand in the country due to a continued heat wave, India is staring at an electricity crisis accentuated due to a coal shortage at over 150 power plants.
The coal stock position at the Central Election Authority (CEA) supervised 173 power plants stood at 21.93 million tonnes (MT), which, according to a Nomura report, is less than the regulatory requirement of 66.32 MT as on April 21.
Media reports have suggested that coal inventories had dipped to the lowest since 2014 at the beginning of the financial year to nine days as against the Centre’s mandated 24 days’ worth of stocks.
