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India coal stockpile hits record 132 million tons

April 08, 2021

NS Energy:

India is currently holding record levels of stockpiled coal, lowering the need for the country to open up new domestic mines, says a briefing note.

The analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) shows that the South Asian nation has stockpiled 132 million tonnes of coal – enough to run its power plants for two months – greatly exceeding the average of the previous five years.

While India’s power plants have reduced their stocks from record peaks at the start of the year, an even greater quantity has built up at coal mine pitheads managed by state-owned firms Coal India and the Singareni Collieries Company Limited (SCCL), reaching 103 million tonnes.

“As coal quality degrades with prolonged storage and has a heightened risk of spontaneous combustion, operators and the community would be very keen to see the reduction of these stocks being given priority over new coal production,” says Charles Worringham, note author and IEEFA guest contributor.

[James Murray]

More: India has record levels of stockpiled coal, lowering the need for new domestic mines

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