India's Coal-based Power Demand at All-time High

Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India October 12, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing Rights
Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India October 12, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing Rights
TT

India's Coal-based Power Demand at All-time High

Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India October 12, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing Rights
Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India October 12, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing Rights

India's demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.

Peak demand for power in India's hot, arid northern plains hit a record earlier this week, even as the government said it continues to implement measures to meet high energy consumption.

The India Meteorological Department (IMD) has predicted above-normal temperatures for June in the northwest and central parts of the country, making it one of the longest heatwave spells, according to Reuters.

 

Cumulative coal production stood at 207.48 million tonnes as of June 16, a growth of 9.27% from the same period last year, the government said in a release.

More than 75% of India's power generation was from coal in 2023, while gas-fired plants have accounted for only about 2% in recent years, largely because of the high cost of gas relative to coal.

"The Ministry of Coal is fully committed to ramp up coal production and transportation, ensuring power plants have ample reserves to meet the surge in electricity demand," the release said.

 



Saudi Economy Minister, World Bank President Discuss Economic Cooperation

Saudi Minister of Economy and Planning Faisal Alibrahim met with World Bank Group President Ajay Banga. SPA
Saudi Minister of Economy and Planning Faisal Alibrahim met with World Bank Group President Ajay Banga. SPA
TT

Saudi Economy Minister, World Bank President Discuss Economic Cooperation

Saudi Minister of Economy and Planning Faisal Alibrahim met with World Bank Group President Ajay Banga. SPA
Saudi Minister of Economy and Planning Faisal Alibrahim met with World Bank Group President Ajay Banga. SPA

Saudi Minister of Economy and Planning Faisal Alibrahim has met with World Bank Group President Ajay Banga in Washington.

Alibrahim was joined by Deputy Minister of Economy and Planning Ammar Nagadi, Deputy Minister for Policies and Economic Planning Rakan Alsheikh, CEO of the National Infrastructure Fund (INFRA) Esmail Alsallom, General Director of the Economic Research and Insights Department Yaser Faquih, and General Supervisor for International Organizations Hattan Saman.

Banga was accompanied by Managing Director for Operations Anna Bjerde and Deputy President for the MENA region Ousmane Dione.

During the meeting, both sides discussed regional and global economic challenges and opportunities to enhance cooperation between the Kingdom and the World Bank.