India Risks Power Outages as High Temperatures Boost Coal Demand
- State-run miner Coal India producing at record levels in April
- Coal supply shortages could weigh on industrial output: Nomura
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India risks a repeat of last summer’s power outages as soaring temperatures boost demand for coal that’s used to generate about 70% of the country’s electricity.
The hottest March in more than a century has heralded an early start to summer, increasing power consumption by air conditioners and refrigerators. While state-run miner Coal India Ltd. is producing at record levels this month, that may not be enough to replenish power plant stockpiles that dwindled to barely a third of required levels at the start of this week.