India, China Face Power Crunch

“India stands on the brink of widespread power shortages as most of the country’s coal-fired plants have enough fuel for only a few more days,” Nikkei Asia reports.

Meanwhile, Bloomberg reports China “ordered its banks to ramp up funding to coal and energy companies, another step in its efforts to ease a power crunch and ensure supplies this winter.”

Financial Times: “China has started unloading a small number of Australian coal shipments despite an unofficial import ban, analysts said, in a move underscoring the intensity of the power crunch facing the world’s second-largest economy.”