INDIA’S ENERGY IMPORTS

INDIA'S THIRST FOR ENERGY

Coal surge is unabated, raising environmental concerns

Siddharth Srivastava

Asia Sentinel, September 2, 2010

India's quest for overseas coal continues, driven by the country's burgeoning economy and energy needs. South Africa shipped an estimated 35 percent of its thermal coal exports – 2.1 million metric tons – to India in July, almost twice June's 1.2 million tons.

India has averaged buying 34 percent of South African exports throughout 2010, making up for weak European buying in the wake of the continuing economic downturn. Earlier this year, Raymond Chirwa, CEO of Richards Bay Coal Terminal, said there has been a marked shift in coal buying by Indian power firms.

As an indication of India's thirst for coal, "Of the total exports (of 60 million tons from South Africa) in 2009, 41 percent was shipped to the Asian markets, and out of this 29 percent was for the Indian market," Chiwa said. "18 percent was exported to the Asian market during 2008, of which India accounted for 11 percent."

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