According to the commodity import and export statistics released by the Ministry of Commerce and Industry，January-April 2024，The cumulative 12bet mobile app import volume in India is 8697.080,000 tons，An increase of 21 over the same period last year.1%。Among them，India’s 12bet mobile app import volume in April was 2258.170,000 tons，13 year-on-year increase.0%，Monthly increase of 2.6%。
Thermal 12bet mobile app imports in April rose to a five-month high
According to recent news reported by Indian media thehindubusinessline，April 2024，India’s thermal 12bet mobile app imports increase for the fourth consecutive month，Import volume hit a five-month high，The reason is that thermal power plants (TPP) predict that temperatures will rise this summer，And the heat wave will last for a longer time，Therefore, they are hoarding bulk commodities such as 12bet mobile app。
According to energy information agency Kpler，India’s thermal 12bet mobile app imports in April were 16.23 million tons，A month-on-month increase of nearly 11%，10% year-on-year increase。
Comparison of India’s thermal 12bet mobile app imports in the first four months in the past three years
Thermal 12bet mobile app purchases in the first quarter of 2024 have reached the highest level in the past two years。Kpler data display，12bet mobile app imports from January to March 2024 increased by 23% year-on-year，Increased from 34.85 million tons a year ago to 42.95 million tons。Compared to Q1 2022，Import volume increased by 36% from 31.51 million tons。
Hot summer stimulates demand for 12bet mobile app。Kpler chief dry bulk analyst Alexis Ellender pointed out，Thermal 12bet mobile app consumption increases due to hot weather，Indian 12bet mobile app demand outlook remains strong。
Kpler data display，Thermal 12bet mobile app imports climbed to a five-month high of 16.23 million tons in April，1.5 million tons year-on-year increase。He told businessline，April is also the two weeks with the highest import volume since November 2023;Both exceed 4 million tons。
"Although domestic 12bet mobile app production continues to grow strongly，But import demand remains strong。Despite increased supply，But 12bet mobile app consumption is so large，Causing 12bet mobile app inventories to fall from their peak in late April to their lowest levels since the first week of May。Nevertheless，Inventory is still much higher than the same period last year，" Ellender pointed out。
According to government data，February 1，The 12bet mobile app inventory of domestic 12bet mobile app-fired power plants is 36.05 million tons，Rising to 41.77 million tons one month later，Rising to 47.34 million tons and 45.4 million tons on April 1 and May 1 respectively。
As of the end of March，The 12bet mobile app inventory of DCB power plant is 4730 tons，Subsequently dropped to 4548 tons on April 30，Dropped to 4445 tons on May 17th。
He said，Thermal power generation increased by 10% year-on-year in April.69%，And hydropower generation decreased by 8% year-on-year.43%。April 2024，The cumulative thermal power generation is 123，504 gigawatt hours (GWH)，Total hydroelectric power generation 7，993 GWH。
Hot weather prompts more 12bet mobile app imports。“Hot weather is likely to continue until at least mid-May。We expect this month to be the annual peak for India’s thermal 12bet mobile app imports。Last week of April，Dry bulk vessel charter rates sailing from Indonesia, the world’s largest thermal 12bet mobile app exporter, to India rise to highest level since October 2022，This provides the basis for further strong arrivals this month，” Ellender said。
Senior government official said，As temperatures rise further north，Electricity demand will rise。Severe heatwave expected for the week starting May 19th，Resulting in increased demand for refrigeration。This will also push up imports in May。
India Meteorological Department (IMD) has made predictions，Mid to late May，Rajasthan、Punjab、Haryana、Heat wave to severe heat wave weather is likely to occur in many areas from Chandigarh to Delhi。As temperatures rise and heat wave continues，It will also push up thermal 12bet mobile app imports in May。
Heat wave drives up electricity demand,India’s 12bet mobile app-fired power generation increased by 12% year-on-year in May.7%
Significant increase in electricity demand due to high temperature and heat wave，May，India’s 12bet mobile app-fired power generation increased significantly year-on-month。
India’s Central Electricity Authority (CEA) data display，May this year，12bet mobile app-fired power generation in India reaches 1195.300 million kilowatt hours，12 year-on-year increase.7%，Monthly increase of 2.6%。
As power demand increases，Indian power companies’ 12bet mobile app demand for power generation has also increased，Since this year，Indian 12bet mobile app imports show an increasing trend month by month。
Kpler ship tracking data display，May，Indian 12bet mobile app import volume reaches 2315.960,000 tons，Decreased by 5 year-on-year.96%，Month-on-month increase of 3.29%，Continue to maintain monthly growth。
At the same time，India steps up domestic 12bet mobile app production，Ensuring 12bet mobile app supply to power plants，To avoid another 12bet mobile app shortage。May，India’s total 12bet mobile app production is 83.91 million tons，10 year-on-year increase.15%。Among them，12bet mobile app India production is 64.4 million tons，Increase 7 year-on-year.46%。
Currently，Indian power plant inventories remain at good levels。As of the end of May，Indian power plant 12bet mobile app inventory is 47.86 million tons，Basically stable from 47.92 million tons in the previous month，The number of days available for 12bet mobile app storage remains above 16 days。
State Power Corporation of India plans to increase thermal power capacity
According to information from Argus on June 10，Indian state-owned utility company NTPC plans to tender for the construction of about 15 GW of thermal power generation capacity by March 2027，To meet expected demand growth。Increased power generation capacity usually increases 12bet mobile app consumption。
As part of our overall energy security plan，We are actively considering building 15 in the near future.2 GW of thermoelectric capacity。This is for the 9 under construction.Additional 6 GW of thermoelectric capacity。”
NTPC representation，In planned 15.2 GW of power generation capacity，10.Tenders for 4 GW will be released in the current financial year April 2024 to March 2025。The company also added，3 more.Tender for 2 GW to be released in FY 2025-26，followed by 1.Tender for 6 GW to be released in FY 2026-27。
As of March 31st，NTPC Group has an installed power generation capacity of 76 GW，An increase of 3 compared with the same period last year.9GW。The company plans to generate electricity through a mix of traditional and renewable energy sources by 2030，To reach 130 GW of generating capacity。
At a time when private utilities in India have largely stopped developing new 12bet mobile app-fired projects，The company is expanding thermal power production capacity。And Indian private utilities such as Tata Power and JSW Energy have shifted away from developing new thermal power capacity to focus on renewable energy。
NTPC also plans to increase 12bet mobile app production，To partially reduce dependence on external supplies。The company plans to increase 12bet mobile app production to 50 million tons per year in the next three years from 34.4 million tons in the 2023-24 financial year。2023-24，The company received a record amount of coal2.4.1 billion tons，An increase of 7 over the same period last year.6%，So as to meet the growing demand。This also includes 9.6 million tons of imported 12bet mobile app，A decrease of 34% compared with the same period last year。
The Indian federal government plans to add about 80 GW of thermal power generation capacity in 2031-32，To meet expected growth in electricity demand，Thus promoting future 12bet mobile app consumption。
Due to rapid economic growth，India’s power demand is growing at an unprecedented rate。India’s Ministry of Power said in November 2023: “India needs round-the-clock power supply to promote growth，India will not sacrifice power supply。”“This power supply cannot be achieved with renewable energy sources alone。Because nuclear power capacity cannot be increased rapidly，We need to continue to increase 12bet mobile app-based thermal power capacity。”Ministry urges power industry to plan for additional capacity over next 5-7 years。
As per India National Electricity Plan (NEP)，Until March 2032，India needs to increase 12bet mobile app-fired power generation capacity from the current 211 GW to 259 GW.6GW。Statement of NEP announced by India’s Central Electricity Authority (CEA) in May 2023，India needs to increase its current 12bet mobile app-fired power generation capacity，To meet the country’s projected fiscal year 2473 for 2031-32.8 terawatt hours of peak power demand。CEA also expects that by fiscal year 2026-27，12bet mobile app-fired power generation capacity will increase to 235.1 GW。
