Nokia, Ford Power Demand Spurs Coal Purchase in India

[phantom power]

April 30 (Bloomberg) -- Electricity demand from investors such as Ford Motor Co., Hyundai Motor Co. and Nokia OYJ may boost coal demand in India as Tamil Nadu, the biggest wind power generator in the country, adds new coal-fired units.

The Tamil Nadu Electricity Board may add three units of 600 megawatts each this year, which will boost the state utility’s coal consumption by about 9 million metric tons, said J.P.S. Amarnath, chief engineer for coal. The utility, which consumes 15 million tons annually, imports about 2 million tons.

“We are currently importing coal from Indonesia,” Amarnath said in an interview in Chennai. “We have tie-ups with Coal India to meet our additional needs.” The supply agreements may run as long as two decades and carry penalties for non- delivery, he said.

Tamil Nadu, India’s second-most industrialized state, plans to add 8,000 megawatts over the next four years to ease blackouts and power cuts of 6-9 hours a day, according to the state utility. Most of the additional capacity will be coal- fired, said C.P. Singh, the head of the utility, in Chennai. Hyundai, Ford and Nokia are among international companies to establish factories outside Chennai, the capital of Tamil Nadu.

http://www.bloomberg.com/apps/news?pid=20601072&sid=a87of7zL4ptM

[madokie]

1. It didn't have to be this way

We could all do without most of the shit we buy. As we keep buying up shit companies will keep on building the shit. Factories have needs and one of them is Electric power so the power companies will continue to add more and more capacity and do it as cheaply as the law will allow them to do this. The whole world would be a better place if st ronnie hadn't dismantled all the effort President Carter put in to keep us from being here today. President Carter had a plan that wasn't written by the big energy giants, best I remember. If we were using our own solar cells/panels etc on our own roofs, which if things that Carter started would have been allowed to continue we would be doing a bunch more of today. With our developing and getting out to the consumer the products for each of us to make a part of our electric power would have an effect on us and on the rest of the world. Our leadership on this could have made a difference but no we let big oil/coal/nuclear interest fuck all that up. Now it looks as if we might very well be fucked.