WHAT: Have you been troubled with frequent cuts in between your soothing AC experience? Yes, right? Oh, that is because of a steep coal shortage that our country is facing at the moment.
WHY: Huge gap between demand and supply. As we head into the peak summer season, demand for power has increased manifold which is not being managed by the present power supply.
Heavy dependence on a single-player – Coal India. The company accounts for nearly 83% of total coal production in India.
HOW: The crisis is not new and we have been witnessing lowering coal stocks since last year due to heavy monsoon in certain parts of the country. This disrupted the activity of coal mining. A sharp rise in global coal prices added to the misery as Indian companies trimmed their imports and started to rely on domestic production.
Why should you care?
Unlike any other crisis, this one has a direct impact on your day to day activities. Be ready to face disruptions in your Zoom meetings or IPL matches.
