Filling up the empty coal pits

The crippling shortages in domestic coal supply are now manifesting in the electricity markets—spot power prices are on the rise, nudged by the higher price of imported coal. However, the situation is far beyond one of simply importing coal and making good the shortages. One of the reasons is the fragile health of the power utilities. The financial distress has reached a point where banks are unwilling to lend them any more money. In this situation, they can ill-afford additional costs.

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