DelhiDesk The Indian government’s proactive measures and abundant April rainfall have ensured sufficient coal availability to accommodate the expected surge in power demand this summer, according to a report by Crisil Ratings. Coal production increased 12% YoY to a record 107.8 million tonne in March 2023 and 8.63% YoY in April 2023. As a result, coal stocks at thermal power plants had improved significantly this year. Despite a decline in hydro generation, nuclear and solar generation expanded and now account for 9% of total generation, a higher share than last summer.
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👉 The Indian government’s proactive measures and abundant April rainfall have ensured sufficient coal availability for expected surge in power demand this summer
👉 Coal production increased 12% YoY to a record 107.8 million tonne in March 2023 and 8.63% YoY in April 2023
👉 Coal stocks at thermal power plants significantly improved compared to last year
👉 Overall coal dispatches to end-users grew 11.6% YoY to 80.35 million tons in April 2023
👉 Domestic supply and mandate to blend 6% of the requirement with imported coal in the first half of fiscal 2024 has created adequate buffers at thermal power plants
👉 Nuclear and solar generation expanded by 11% and 15%, respectively
👉 These sources now account for 9% of total generation, a higher share than last summer
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