Superpower India produces more and more coal
India's coal production increased 18.59% to 78.65 million tonnes in October compared to the same month last year, according to data from India's Ministry of Coal .
Between April and October, the first seven months of India's fiscal year 2023/2024, India's coal production also increased by 13.05% year-on-year to 507 million tonnes, according to the data.
Coal India, the giant producer that accounts for 80% of the country's coal production, saw its production rise 15.36% year-on-year in October and 11.95% between April and October.
Coal-fired power generation in India increased by 38.98% in October this year compared to October 2022, and overall power generation last month was 22.83% higher than the generated in the same month of 2022, official data from the ministry showed.
“The Ministry of Coal remains steadfast in its commitment to ensuring the continued production and distribution of coal, thereby ensuring a reliable energy supply that strengthens the nation's continued development,” the minister said .
India continues to rely heavily on coal for power generation and industrial development. Coal still generates about 70% of the country's electricity.
India had forecast that its coal power generation would rise in the current fiscal year as authorities plan to have coal-fired units maximize electricity generation from imported coal to meet growing demand.
Earlier this year, the Indian government forecast that coal-fired power plants will use 8% more coal in the financial year between March 2023 and March 2024, as demand is set to continue to increase thanks to the growing economic activity and unpredictable weather.
India's state energy giant NTPC said last year it may increase its coal generation capacity as it prioritizes energy security after power outages in spring 2022.
Phasing out coal in India “will take 2-3 decades, if not more,” NTPC chairman Gurdeep Singh said at the time. India does not adhere to the 2050 climate goals cultivated by the EU, and thinks it will need much more time to combine well-being, economic growth and the environment,
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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-superpotenza-india-produce-sempre-piu-carbone/ on Sat, 04 Nov 2023 08:00:55 +0000.