HomeNewsBusinessEconomyIndian coal ministry seeks help from World Bank to re-purpose abandoned mines

Indian coal ministry seeks help from World Bank to re-purpose abandoned mines

Indian officials are rushing to make more coal available for utilities as shortages in the July-September quarter are forecast to be wider than initially estimated due to expectations of high power demand.

June 29, 2022 / 14:26 IST
Story continues below Advertisement
Representative image (AFP)
Representative image (AFP)

India's coal ministry said on Wednesday it sought assistance from the World Bank and other global institutions for re-purposing its abandoned coal mines to make them environmentally stable and suitable for commercial purpose.

Indian officials are rushing to make more coal available for utilities as shortages in the July-September quarter are forecast to be wider than initially estimated due to expectations of high power demand.

Story continues below Advertisement
Reuters
first published: Jun 29, 2022 02:26 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!