India’s Power Giants Are Tapping Coal Inventories as Demand Slides ...Middle East

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India’s Power Giants Are Tapping Coal Inventories as Demand Slides
source : OILPRICE ( Middle East ) () 57
Indian power generators are using more coal from inventories rather than buying new supply from Coal India amid a decline in demand for coal-powered generation. The decline resulted from higher output from hydropower and wind and solar installations, Reuters reported today, leading to a decline in demand for coal generation even as demand for electricity also trended higher. Last month, the report said, the level of coal inventories at power generators fell by 13% from their record high of 58.1 million tons in June. That compares to an average…

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