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renewable energy

India Expects Utilities' Annual Coal Demand to Surge About 8%

renewable energy
Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India.

KONTAN.CO.ID - NEW DELHI. India expects its power plants to burn about 8% more coal in the fiscal year ending March 2024, according to a senior government official and a power ministry presentation, after the country missed its 2022 renewable energy goal by more than 30%.

The world's third-largest energy consumer and emitter of greenhouse gases has been clinging to coal for energy security as it tries to get its economy back on track after a COVID slowdown and stave off power shortages that led to idled factories and villages without electricity during a blistering heatwave.

India expects utilities' coal demand to reach 821 million tonnes in 2023-24, according to the presentation. The government official said that would be about 8% more than demand during this fiscal year.

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