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Indian Thermal Coal Imports in 9 Months Dip by 17% YoYIndian Thermal Coal Imports in 9 Months Dip by 17% YoY

Coal News - Published on Thu, 16 Jan 2020

Image Source: thestatesman.com
ET reported that historic drop in power demand that has taken a toll on electricity generation has led to a 17 per cent drop in India’s thermal coal imports in the first nine months of the current financial year. According to data sourced from Indian Ports Association, coal shipments at the country’s 12 major ports dropped to 65.97 million tonne during the April-December 2019 period from 79,558 million tonne in the corresponding period of 2018. Experts attribute the overall decline in both coal imports and domestic production to the decline in thermal power generation witnessed in the current financial year given the subdued electricity demand.

India produced 480 million tonne coal between April 2019 and December 2019, a 3.7 per cent drop over 498.51 million tonne production in the same period of 2018. This year’s production was also 40 per cent less than the target of 810 million tonne for this period.

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Posted By : Rabi Wangkhem on Thu, 16 Jan 2020
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