India’s coal-fired power plants in August ran at a three-year high amid shortages created by lower generation from hydropower and nuclear.
Plant utilization at coal-fired stations rose to 58% last month, compared with 51.6% a year ago, power ministry data released this week show. That’s the highest rate for August since 2014, according to data compiled by Bloomberg.
Lower rainfall in southern and western states has led to a decline in hydropower generation, forcing them to buy from other states and pushing up spot power prices, according to Indian Energy Exchange. Hot weather in some parts of the country and a pick-up in economic activity is also boosting demand for electricity, according to Debasish Mishra, a partner at Deloitte Touche Tohmatsu LLP in Mumbai. Read More…
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