India May Import Less Coal Than Target; Hydro Power Output Rises
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India’s power-station coal imports may be 24 percent less than estimated by the nation’s Planning Commission after the most rainfall in three years boosted electricity generation from water, reducing demand for the fuel.
The South Asian nation may import 34 million to 35 million metric tons of coal in the year ending March 31, I.A. Khan, a joint adviser at the Commission, said in an interview in New Delhi. The body that sets growth and investment targets in India had forecast in April that 45 million tons may be imported during the financial year.