Industrial states such as Gujarat and Maharashtra have resorted to load shedding, officials said, with government data showing eastern states such as Jharkhand and Bihar, and Haryana and Uttarakhand in the north reporting power shortages of over 3 per cent each.
Power cuts could stifle industrial activity in Asia's third largest economy, just when economic activity was starting to recover after months of COVID-related lockdowns.
India needs to increase thermal coal imports to meet rising power demand during the peak summers, even as import prices remain elevated due to supply tightness created by the Russia-Ukraine conflict, market sources told S&P Global Commodity Insights March 30. Indian buyers have been waiting on the sidelines as coal prices from major exporters like .
Surging power demand to support an economic revival, import slowdown due to high global prices, and seasonal disruptions have created coal shortages in India that have not been not seen in years, raising fears of widespread power cuts and triggering a broader debate on the country’s preparedness to shed its dependence on imports. Some coal-powered .