India’s power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global prices for the fuel. The statement by Power Minister R K Singh puts a long timeline on a major policy reversal suggested this month, when the federal government asked utilities run by state governments to step up coal imports. That move was contrary to a long-standing national objective to buy less coal from abroad but widely seen as a temporary measure to address shortfalls amid rising power demand caused by soaring temperatures and a pickup in industrial activity. But Singh’s remarks in a meeting with state government officials on Tuesday mean […]