India's Coal Demand Set to Hit 1.6 Billion Tons by 2030

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India’s coal demand is projected to increase to 1.6 billion tons by 2030, driven by higher electricity generation and industrial growth. The government plans to establish a coal trade exchange to improve market transparency and enhance domestic supply for energy security.

India’s coal demand is set to jump to 1.6 billion tons in 2030, from about 1.2 billion tons now, due to higher electricity generation and industrial activity, Indian Coal Secretary Vikram Dev Dutt said on Friday. India, which is the world’s second-biggest coal consumer behind China, plans to create a coal trade exchange and raise in its domestic coal supply to boost market transparency and energy security, respectively. A local coal exchange will create a transparent marketplace for buyers and sellers and could later lead to the establishment…