An escalating power crisis in India, triggered by dwindling reserves of coal that helps generate about 70% of the nation’s electricity, threatens operations of commodity-related businesses ranging from oil refineries to aluminum smelting to meat processing.
Coal inventories at power plants plummeted to an average four days this week, down from 13 days at the start of August, official data show. More than half of the plants are already on alert for outages, with the government warning that the country could be facing a supply squeeze for as long as six months.
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October 07, 2021 at 11:32AM
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Coal Crisis in India Imperils Energy-Heavy Commodity Industry - Bloomberg
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