India to see steep growth in coal demand: IEA
The Dollar Business Bureau The demand for coal from India will see the highest growth in the next five years even as it slows down worldwide on low consumption in the US and China whereas the demand for renewable energy sources increases, said the autonomous organisation International Energy Agency (IEA). India will witness an average growth rate of 5% per annum by 2021 even as demand of coal peaks in China, the top consumer in the world, said the Paris-based body in a report on Monday. Last year, India's coal production increased 5.1%, it added. “Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground,” as per the IEA's ...
'Declining coal prices threat to Indian coal industry'
Sai Nikesh | The Dollar Business International coal prices have declined to a 12-year-low as a result of weak global demand and the ongoing economic slowdown. The fall in coal prices is being attributed to rise in coal exports from Australia and sharp fall in demand from major importers like the United States, India, and China. Although India is the net importer of the mineral fuel, falling global prices are likely to hit the India’s domestic coal production, say experts. In case of continuous fall, Indian coal producers, mainly the government-owned Coal India Ltd (CIL), will have to struggle hard to cut their production cost so as to remain competitive against foreign suppliers. “Fall in coal prices in the international market is ...
