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With the shutdown, Britain becomes the first among the Group of Seven major economies to phase out coal.
It had posted a net loss of Rs 291.54 crore during the October-December period of preceding 2022-23.
In its annual report on the electricity market, the IEA said that renewables should see their share of total electricity production surpass a third of the total, passing from 30 percent last year to 37 percent in 2026.
Finding comes just months after chief minister Pinarayi Vijayan announced the state will aim for 100% renewable energy over the next 17 years
An eyewitness said many local villagers were engaged in illegal mining when the mine caved in.
In a move that could push up tariff the Central Electricity Regulatory Commission has allowed Indian Energy Exchange where 90% of the power transactions take place to open a special platform where electricity could be sold for up to Rs 50 per unit.
According to a study by iForest, a think tank, more than half of the coal mines in Ramgarh have stopped functioning in the last few years.
India is expected to face a wider coal shortage during the third quarter of 2022 due to expectations of higher electricity demand.
KSEB has decided to go for costly real-time power purchases, commission new short term hydel projects and operationalise other non-coal stations to tide over the national power crisis.
The scale of the purchases and the decision to go back on a plan to cut coal imports underscore the severity of the India's fuel crisis.
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