India’s top electricity producer NTPC Ltd’s (NTPC.NS) coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as it looks to address a domestic shortage. The state-run utility, which produces over a quarter of India’s power output, will import 16 million tonnes for blending with domestic coal during the year ending March 2023, the officials said. Reuters Graphics “We have been directed by the Indian government to import 16 million tonnes, and we will be doing it to ensure the country’s energy security,” one of the officials said. The rise in imports reflects strong growth in demand for power as India’s economy recovers after the pandemic and forecasts for a particularly hot summer. India’s federal government has directed all utilities to cumulatively import about 33.5 million tonnes for blending during the […]