INDIA
DRIVE FOR INDIA’S ENERGY SECURITY FACES NEW CHALLENGE
GROWING SHORTAGE OF FOSSIL FUELS IS A BIG CONCERN
2019-07-22 10:02
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The centuries old Scottish proverb that ‘’if wishes were horses, beggars would ride” is so true about India’s wish to become a major producer of fossil fuels. The truth is: it is becoming increasingly dependent on imports. Coal, oil and gas are three main components of fossil fuels. India ranks fifth in the world in coal reserves. It is also the world’s third largest coal consumer after China and the USA. India’s coal reserve is around 301.6 billion tonnes. Out of which over 260 billion tonnes are non-cooking coal – mainly used for power generation, cement and fertilizer production. Despite this, the country is becoming increasingly dependent on import.