The IEA expects India's electricity demand to rise 7 percent, faster than other major economies. It overcame a coal supply shortage through some deft handling by the government
Total electricity generation increased by about 14 percent from April 1 till May 29 this year
Coal inventories held by power plants have nine days' worth of stock as of mid-April and are much lower than the average stock of 17 days held in April over the last five years, the brokerage added
Earlier in the day, Delhi Chief Minister Arvind Kejriwal wrote to Prime Minister Narendra Modi urging him to intervene and ensure adequate supply of coal to thermal power plants providing electricity to Delhi.
As on October 3, Central Electricity Authority (CEA) report on coal stocks for power plants showed that 25 power plants had coal stocks for less than seven days for Delhi.
Steel sector is on a strong wicket, as the imposition of minimum import price and safeguard duty on imports has boosted industry, says Coal Secretary Anil Swarup.
Zohra Chatterji, chairperson and managing director of Coal India said that they will sign FSAs only after the power ministry provides the list of power projects.