XM does not provide services to residents of the United States of America.

India extends operation of imported coal-based power plants, government circular shows



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-India extends operation of imported coal-based power plants, government circular shows</title></head><body>

Adds details in paragraphs 4-7

NEW DELHI, Oct 16 (Reuters) -India has extended the mandate for the country's imported coal-based power plants to operate at full capacity until Dec. 31 in anticipation of higher power demand, according to a government circular reviewed by Reuters.

Previously, the government had allowed the imported coal-based plants to operate at full capacity until Oct. 15.

The order is not yet public and the federal power ministry did not immediately respond to a request for comment.

The order, dated Tuesday, invoked an emergency clause available to the government in directing companies, including Tata Power TTPW.NS, Adani Power ADAN.NS and Vedanta VDAN.NS, to operate their imported coal fired plants at full capacity.

Imported coal-based power plants in India have a combined annual capacity of nearly 16 gigawatts.

The mandate comes despite the country's coal fired power output falling for a second straight month in September on an annual basis due to slower growth in electricity usage and a surge in solar generation.

India's overall coal-based power generation over April-September, the first half of the current fiscal year, rose by 5% from a year earlier, government data shows.



Reporting by Sethuraman NR; Editing by Nidhi Verma, Kirsten Donovan

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.