China’s extreme shortages of coal, which powers around 70% of the national grid, have been making plenty of headlines in recent weeks. The same story is unfolding in neighbouring India, a country with a similarly high reliance on coal for its power generation. The severe shortages in India are expected to push up dry bulk’s ton-mile scenario dramatically in the coming weeks as New Delhi sources coal from further and further away to keep the lights on.
According to the government’s Central Electricity Authority (CEA), out of the 135 thermal power stations in the country, 104 of them are at either ‘critical’ or ‘super critical’ levels of coal inventory.
Out of these 104 plants, 68 have been listed as ‘super critical’, according to the CEA’s most recent coal report, indicating less than three days’ worth of supply as torrential rain has hit domestic production.
In terms of capacity, 77% of coal-fired plants, or 126.8 MW, are now at risk of halted production if days without an increased supply of coal persist.
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