Thermal Power Share Drops Below 70% in India

In India, the share of electricity generated from coal-fired plants is expected to drop below 70% in the next fiscal year.

This is happening because the demand for power is growing slowly, and there is a big increase in electricity from renewable sources like solar and wind.

The use of coal plants is also expected to decrease.

However, coal plants are still important for keeping the power grid stable.

Many of these plants have long-term agreements to sell their power, which helps them make money even if they are used less.

The companies that own these plants have less debt now, but some are planning to build more coal plants, which might increase their debt slightly in the future.