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Bloomberg
India officially started opening its coal sector to non-state firms, seeking to end a government monopoly on mining and selling the fuel.
The country launched its first auction process, which will cover 41 mines, the Ministry of Coal said. The ministry expects the mines to generate $4.3 billion of capital investment over the next 5-7 years, and boost the nation’s annual output by as much as 225 million tons.
Despite a global shift away from coal to cleaner energy like wind and solar generation, India is seeking to boost production amid the pandemic.