"SINGAPORE/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."
