Coal news and updates

China is currently grappling with a huge power crunch as extreme weather, increasing demand for energy and strict limits on coal usage deliver a triple blow to the nation's electricity grid. This problem could last for months, straining the country's economic recovery and weighing on global trade.

 

According to CNN, nearly a dozen Chinese provinces have said they are facing a power crunch in recent weeks, including some of the country's most important engines for economic growth.

 

The Guangdong province, which is a manufacturing centre responsible for USD 1.7 trillion - more than 10 per cent of China's economic output - has been the rationing power for over a month. The restrictions have forced companies across the province to shut down for a few days per week.

 

Source : https://energy.economictimes.indiatimes.com/news/coal