Economics
India Coal Demand Growth Slows Amid Power Glut, Greenpeace Says
- Average growth in past two fiscal years slows to 2.2%: Report
- Lesser demand from cement, steelmakers aiding slowdown
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India’s coal consumption growth has slowed sharply as power plants, the biggest users of the fuel, are using less of their capacity, according to a Greenpeace report.
Coal consumption grew by an average of 2.2 percent over the two fiscal years ended March 2016 and 2017, compared with an average of over 6 percent in the 10 years before that, the report said. Lower consumption at cement and steel factories also contributed to the slowing use of the fuel, the report said.