business β‘ India's power crunch hits new highs due to El Nino
India is facing power shortages surpassing previous summer levels because the monsoon is expected to be one of the driest in 17 years. This situation affects the nation, with nighttime shortfalls reaching up to 7.7 gigawatts this month. Hydropower generation dropped 12% in the first three weeks of September, while coal production increased by 18% this month. The deficient rainfall, linked to El Nino, is forcing more reliance on coal plants. The government needs to act quickly to manage dwindling coal inventories and prevent a bigger crisis. π