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China isn't the only huge Asian economy with a coal shortage now
ASIA ECONOMY
China isn’t the only huge Asian economy with a coal shortage now
PUBLISHED MON, OCT 11 202110:41 PM EDT UPDATED AN HOUR AGO
Saheli Roy Choudhury
@SAHELIRC
KEY POINTS
• China is not alone — India is also teetering on the edge of a power crisis.
• As of Oct. 6, 80% of India’s 135 coal-powered plants had less than 8 days of supplies left — more than half of those had stocks worth two days or fewer, according to ...
• The power crisis would likely have an immediate impact on India’s nascent economic recovery which is being led by industrial activity instead of services, according to Kunal Kundu, India economist at Societe Generale.
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Most of India’s coal-fired power plants have critically low levels of coal inventory at a time when the economy is picking up and fueling electricity demand.
Coal accounts for around 70% of India’s electricity generation.
A potential power crisis would likely have an immediate impact on India’s nascent economic recovery which is being led by industrial activity instead of services, according to Kunal Kundu, India economist at Societe Generale.
Government data showed that as of Oct. 6, 80% of India’s 135 coal-powered plants had less than 8 days of supplies left — more than half of those had stocks worth two days or fewer.
By comparison, over the last four years, the average coal inventory that power plants had was around 18 days worth of supply, according to Hetal Gandhi, director of research at ratings firm CRISIL, a subsidiary of S&P Global.
{snip}
China isn’t the only huge Asian economy with a coal shortage now
PUBLISHED MON, OCT 11 202110:41 PM EDT UPDATED AN HOUR AGO
Saheli Roy Choudhury
@SAHELIRC
KEY POINTS
• China is not alone — India is also teetering on the edge of a power crisis.
• As of Oct. 6, 80% of India’s 135 coal-powered plants had less than 8 days of supplies left — more than half of those had stocks worth two days or fewer, according to ...
• The power crisis would likely have an immediate impact on India’s nascent economic recovery which is being led by industrial activity instead of services, according to Kunal Kundu, India economist at Societe Generale.
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Most of India’s coal-fired power plants have critically low levels of coal inventory at a time when the economy is picking up and fueling electricity demand.
Coal accounts for around 70% of India’s electricity generation.
A potential power crisis would likely have an immediate impact on India’s nascent economic recovery which is being led by industrial activity instead of services, according to Kunal Kundu, India economist at Societe Generale.
Government data showed that as of Oct. 6, 80% of India’s 135 coal-powered plants had less than 8 days of supplies left — more than half of those had stocks worth two days or fewer.
By comparison, over the last four years, the average coal inventory that power plants had was around 18 days worth of supply, according to Hetal Gandhi, director of research at ratings firm CRISIL, a subsidiary of S&P Global.
{snip}
