Translated by: Buddhism Team – Accelerator
On Oct 10th, the Indian government releases a statement seeking to alleviate the concern about a massive outage in the capital and other big cities by ensuring that adequate coal reserves are available. Yet the fact remains that most of the coal-fired power plants in India experiencing a severe shortage have only a 4-day coal reserve on average.
India is the second-largest coal consumer where coal provides for almost 70% of its electricity generation and imports account for approximately a quarter of its supplies. However, a punch combining of viruses and vaccines exacerbates the labor shortage around the world and pressure on the supply chain. The continuous rise in international coal prices, which soars by up to 255% a year in certain areas, contributes to the worldwide supply gap.
Posted by: Ivy
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