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.

 



World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
TT

World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)

The World Bank announced on Thursday that it was redirecting funds originally earmarked for development programs in Lebanon towards emergency aid for people displaced by Israeli bombardment of the country.

"The World Bank is activating emergency response plans to be able to repurpose resources in the portfolio to respond to the urgent needs of people in Lebanon," said a statement from the US-based multilateral institution.

The multilateral institution currently has $1.5 billion in funding for programs in Lebanon. Part of this amount will be redirected.

Since September 23, more than 1,000 people have been killed in an Israeli air-and-ground campaign on Lebanon that has targeted armed group Hezbollah in the south and east of the country, with strikes expanding to include the capital Beirut.

Thousands have been displaced since the bombing began, and the funds would be used to provide aid to those populations, the World Bank said.

"This would include emergency support to displaced people that could be deployed through a digital platform the World Bank helped put in place during the Covid epidemic," the statement said.