China And India Are Both Facing A Power Crisis
A cattle-pulled cart passes the central chimneys of the coal-fired NTPC Ltd. Dadri Power Plant in Gautam Budh Nagar district, Uttar Pradesh, India, on Thursday, Oct. 7, 2021. Anindito Mukherjee, Bloomberg
CNBC: China isn’t the only huge Asian economy with a coal shortage now
* China is not alone — India is also teetering on the edge of a power crisis.
* As of Oct. 6, 80% of India’s 135 coal-powered plants had less than 8 days of supplies left — more than half of those had stocks worth two days or fewer, according to ...
* The power crisis would likely have an immediate impact on India’s nascent economic recovery which is being led by industrial activity instead of services, according to Kunal Kundu, India economist at Societe Generale.
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Most of India’s coal-fired power plants have critically low levels of coal inventory at a time when the economy is picking up and fueling electricity demand. Coal accounts for around 70% of India’s electricity generation.
Read more ....
Update #1: China and India face a deepening energy crunch (CNN)
Update #2: Why India and China face worsening energy crunch (TRT)
WNU Editor: This is going to get worse.
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