Energy Crisis In India, China That Helped Revive Coal Is Easing, For Now
NDTV
Supplies of coal, the key source of electricity generation in China and India, are rising again after governments pressed miners to boost output.
An energy crisis in two of Asia's key economies that caused power shortages and threatened slower growth is beginning to ease, though further risks remain.
Supplies of coal, the key source of electricity generation in China and India, are rising again after governments pressed miners to boost output. That's allowing power plants and major industrial consumers to start rebuilding stockpiles.
China's largest grid operator confirmed Sunday that supply and demand have returned to balance in its coverage area, about 88% of Chinese territory, though curtailments continue for some high-consuming, heavy-polluting industries in selected provinces. Spot power prices have tumbled in India as electricity shortfalls there have also been addressed.
"Both countries continue to face some risks in winter supply, but the shortages have moderated," said Xizhou Zhou, Washington-based managing director of global power and renewables at IHS Markit.
