India Plans 30% Slash in Thermal Coal Imports This Year

India seeks to slash imports of thermal coal used in its power sector by 30% this year as it wants to use more of its domestic coal supply, industry and government sources have told Reuters. Last year, India’s power sector burned almost 50 million tons of imported thermal coal. This year, the country plans to slash that imported coal dependence by 15 million tons, according to Reuters’ sources with knowledge of the plans.   Yet, India will not use less coal overall—it will simply seek to replace the imported fuel with…