October 19, 2021

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China and India are both facing an energy crisis

A cattle wagon drives past the central chimneys of the NTPC Ltd. Dadri coal-fired power plant in Gautam Budh Nagar district, Uttar Pradesh, India on Thursday 7 October 2021. Anindito Mukherjee, Bloomberg

CNBC: China isn’t the only major Asian economy with a coal shortage now

* China is not alone: ​​India too is on the verge of a power crisis.

* As of October 6, 80% of India’s 135 coal-fired power plants had less than 8 days of supplies left – more than half of those had two days or less in stock, according to …

* The energy crisis would likely have an immediate impact on India’s nascent economic recovery, driven by industrial activity rather than services, according to Kunal Kundu, an Indian economist at Societe Generale.

China is not the only Asian giant facing an energy crisis: India is also on the verge of an energy crisis.

Most of India’s coal-fired power plants have critically low levels of coal stocks at a time when the economy is picking up and fueling the demand for electricity. Coal accounts for about 70% of India’s electricity production.

to know more ….

Update n. 1: China and India face a deepening energy crisis (CNN)

Update n. 2: Why India and China face a worsening energy crisis (TRT)

WNU Editor: This is about to get worse.

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