Energy
09 May 2024, 3:18 am 1 minute
Reuters exclusively reported that India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower generation and is racing to avoid outages by deferring planned plant maintenance and re-opening idled units.
Market Impact
India has long defended use of coal, but Prime Minister Narendra Modi’s administration had slowed capacity growth based on the heavily polluting fuel to focus on the green energy transition, with an eye to meeting 2070 net zero emission goals.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Utilities & Other Energy
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story