Coal import mandate extended until June in India

In 2023, India instructed utilities to import 6% of their coal needs until March 2024 due to an unprecedented surge in power and coal demand. Despite considerable output by state-run Coal India, which contributes roughly 80% of India's domestic coal production, transportation constraints within the country's railway network necessitated imports, the statement noted. The ministry projected peak power demand to potentially reach 250 GW during the summer months (April-June 2024), marking a 3% increase compared to the record of 243 GW set in September 2023. Coal remains the cornerstone of India's power generation, constituting about 75% of the total, with coal-fired plants responsible for more than three-quarters of the nation's utilisation of this pollutant energy source.