Fast depleting coal reserves could push up energy prices, cautions expert


Fast depleting coal reserves could push up energy prices, cautions expert

The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs, according to K Sivadasan, a sectoral expert.

Projection of huge reserves will only encourage industries to use large quantities, resulting in accelerated depletion of the fossil fuel, says the former top official of the Kerala State Electricity Board.

BETTER DATA NEEDED

As much as 64 per cent of coal is used for power generation, while the rest is used for other purposes, Sivadasan said quoting statistics.

A TERI (The Energy & Resources Institute) document of 2013 said India does not have adequate extractable coal reserves to meet the current incremental demand or to make long-term supply commitments. Read More

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