Topic
electricity generation
Commodities 45 Indian power plants face critically low coal stocks as monsoon hits supply
India's Central Electricity Authority data showed 45 power plants with critically low coal stocks as of August 25, up from 31 at end-July. Monsoon rains hit mining and transport in Odisha, Jharkhand and Chhattisgarh, while weaker-than-normal rainfall lifted electricity demand. BigMint reported stocks fell 19% in August to 30.95 million tonnes, about 10 days of operation.
Commodities India Floats RFP for Rs 37,500 Crore Coal Gasification Incentive Scheme to Cut Import Dependence
India's Ministry of Coal floated a request for proposal (RFP) on Wednesday for its Rs 37,500 crore incentive scheme to support coal and lignite gasification. The scheme aims to gasify 75 million tonnes by 2030, reducing dependence on imported LNG, urea, ammonia and methanol. Officials expect to select projects within four months, with total investments estimated at Rs 2.5-3 lakh crore.
Commodities El Nino Weakens India Hydropower to Steepest Drop Since Feb 2024, Strains Grid
India's hydropower generation fell more than 20% in June, the steepest year-on-year drop since February 2024, as El Nino conditions caused a 38% rainfall deficit. Reservoir levels are critically low, forcing greater reliance on coal-fired power. The weak monsoon also hurt kharif crop sowing, with oilseeds acreage down 39% and cotton down 23%.