India is also increasing energy from coal. Greta doesn’t go as far as New Delhi

India's largest electricity company, state-owned giant NTPC Ltd, could increase its coal production capacity, as it prioritizes energy security after recent power outages.

The coal elimination plan must wait and "it's too early" to talk about it, NTPC president Gurdeep Singh said Wednesday at the BloombergNEF summit in New Delhi.

The elimination of coal in India "will take 2-3 decades, if not more," the executive said. This renders all European environmental objectives useless, given that the subcontinent with the current largest population expansion has no intention of eliminating coal.

“At the end of the day, the first thing we need to consider is whether we can provide reliable and affordable power 24/7,” Singh told the conference, as reported by Bloomberg.

Coal is the main fuel for electricity generation in India and accounts for 70% of the total electricity generation. The share of coal in India's energy mix has declined over the past decade, but it is still the country's main source of electricity. Last year and earlier this year, coal shortages caused blackouts and protests in the country.

For example, the Indian states of Punjab, Uttar Pradesh and Andhra Pradesh were forced into blackouts in April, due to the disruption of electricity supplies due to a sharp increase in demand for summer cooling against a backdrop of low energy supplies. coal. According to local media reports, in the first half of April the demand for electricity in India reached its maximum in 38 years.

Blackouts continued in May and June, with power outages in Delhi just last week amid very high temperatures. In this situation, the supply of energy in a stable and continuous way becomes not only a question of an economic nature, but also a factor of political stability.

China, another large Asian economy, also faces electricity shortages despite the increase in domestic coal supply. In this case the problem is in the modalities of planning the expansion of production, as the suppliers reach the state extraction objectives, but with coal of much lower quality and energy yield.

Just like India, China is currently prioritizing energy security and urging more domestic coal supply. China must "vigorously prevent power outages" and further increase its coal production capacity, Chinese Premier Li Keqiang said this week as a heat wave sweeps through northern and central China, leading to the consumption of coal. electricity at record levels.

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This is a machine translation of a post published on Scenari Economici at the URL on Thu, 23 Jun 2022 08:00:53 +0000.