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The Indian government has extended the mandate for power companies to import 6% of their coal supplies until June, despite adequate domestic availability, transit difficulties, and increased electricity demand, according to the power ministry. India last year had asked utilities to import 6% of their coal requirements until March due to an unprecedented surge in power and coal demand.
Despite record output by state-run Coal India, which accounts for around 80% of India's domestic coal production, restrictions in the country's railway network prompted importation. The Ministry estimated peak power demand to hit 250 GW this summer (April-June'24), 3% higher than the previous record of 243 GW in September last year.
Coal accounts for about 75% of India's power generation, with coal-fired plants accounting for more than three-quarters of India's use of the polluting fuel.
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