Indian companies eye major investments in coal-fired power
Private Indian companies have shown interest in constructing at least 10 gigawatts (GW) of coal-fired power capacity over the next ten years, according to four sources familiar with the matter.
This marks the end of a six-year period with limited private involvement in the sector.
Companies like Adani Power, JSW Group, and Essar Power have informed India’s power ministry of their desire to either expand existing plants or revive stalled projects under financial strain, as per sources and a government presentation seen by Reuters.
Also read: China’s 2023 rise in coal approvals puts climate goals at risk
Coal-fired power plants make up 50% of India’s total installed capacity, around 215 GW out of 430 GW.
Renewables contribute 135 GW, while hydroelectric power adds 47 GW.
A spokesperson for the power ministry mentioned that the private sector is set to invest in coal-fired power to meet the nation’s energy needs, stating that India is exceeding international emissions reduction commitments.
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