Coal Shortfall May Sour India Power Target

Reuters reported that India’s power capacity goal may be threatened by coal supply problems.

As quoted in the market news:

India has about 10 percent of the world’s coal reserves, but it has struggled to provide enough of the fuel to its under-performing power sector because of policy challenges ranging from land acquisition to green clearances for mining and tariff subsidy programmes.

Click here to read the full Reuters report.