India is considering maintaining strategic reserves of natural gas and imported coal in case of energy supply shocks in the future, Reuters reported, citing a senior power ministry official on October 21.
The country is in the middle of severe energy supply situation due to a lack of coal. Among all 135 coal-fired power plants in the country, 108 plants saw its coal stockpiles lower than seven days of use, of which 15 plants had no inventories left, data from the Central Electricity Authority on October 20.
Coal India Ltd, which provides 80% of the country's total supply, has recently suspended coal shipments to non-power end users in a bid to ease the energy crisis. The company produced 40.7 million tonnes of coal in September, a 0.5% rise from a year ago.
"Due to the huge increase in energy prices, India will face serious energy security problems if we do not implement a well-thought-out energy strategy," Reuters cited Alok Kumar, India's power secretary, as saying.
"So let's start thinking and talking about keeping strategic reserves of gas and imported coal so that economies can withstand these supply shocks for about a month or so," He said at the South Asia Power Summit organised by the Confederation of Indian Industry.
(Writing by Alex Guo Editing by Tammy Yang)
For any questions, please contact us by email@example.com or +86-351-7219322.