NTPC plans private coal purchases
India's largest power producer NTPC plans to purchase more coal from private miners. Low reserves and rising electricity demand threaten severe shortages early next year.
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NTPC LTD plans to buy up to 15 million metric tons of coal from private mining companies in India to offset fuel shortages. The utility aims to secure additional supplies as electricity demand surges during extended summer conditions. Securing private fuel supplies is critical to preventing severe power deficits early next year.
