India extends full capacity operation mandate for imported coal-based power plants until Feb’25

India has extended the mandate for imported coal-based power plants to run at full capacity until 28 Feb’25. The move comes amid slower electricity demand and increased solar power usage, leading to a 31.8% y-o-y drop in thermal coal imports in Oct’24. Despite this, coal-based power generation rose 5% y-o-y in Apr-Sep’24.