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Indian power generation from coal fell to a 5-year low of ‘just’ 1064 TWh in 2020 due to the COVID-19-induced slowdown. This was only a dip, however, as coal still makes up 70% of the country’s total electricity production and is set to come back with a vengeance, growing by 43% to 1523 TWh in 2037, when Rystad Energy expects coal power to finally peak.
As surprising as the projection may be to some, such a surge in coal consumption is not that unexpected. India’s power generation is set to grow exponentially to 3565 TWh by 2037, more than double 2020’s figure. Electricity production will already exceed 2000 TWh from 2025 and is set to breach the 3000 TWh ceiling from 2034 as a result of an electrification boost and economic growth.