New coal-fired power plants in India economically unviable: IEEFA report
COAL & MINING

New coal-fired power plants in India economically unviable: IEEFA report

The Institute for Energy Economics and Financial Analysis (IEEFA) has warned that much of India's 33 GW of coal-fired power capacity under construction and another 29 GW in the pre-construction stage will end up stranded.

According to a report, new coal-fired power plants being built in India will soon be "economically unviable".

The country has been continuing to back the high-polluting fossil fuels in spite of its ambitious renewable energy targets and global efforts to decrease emissions. The country is the third-highest emitter.

India's Central Electricity Authority (CEA) advises the government on technical matters related to the generation, transmission and distribution of electricity. Despite the headwinds facing the coal industry, it still projects the country would reach 267 GW of coal-fired capacity by 2030. But to accomplish that scale up by the end of the decade, the nation would need to add 58 GW of net new capacity additions or about 6.4 GW annually.

IEEFA claims that it is highly improbable for the CEA's projections to materialise provided the ongoing operational and financial stress in the Thermal Power Sector. It believes that India's coal capacity requirements must be revised urgently.

Image Source


Also read: Coal power plants to continue despite promises to curb pollution

The Institute for Energy Economics and Financial Analysis (IEEFA) has warned that much of India's 33 GW of coal-fired power capacity under construction and another 29 GW in the pre-construction stage will end up stranded. According to a report, new coal-fired power plants being built in India will soon be economically unviable. The country has been continuing to back the high-polluting fossil fuels in spite of its ambitious renewable energy targets and global efforts to decrease emissions. The country is the third-highest emitter. India's Central Electricity Authority (CEA) advises the government on technical matters related to the generation, transmission and distribution of electricity. Despite the headwinds facing the coal industry, it still projects the country would reach 267 GW of coal-fired capacity by 2030. But to accomplish that scale up by the end of the decade, the nation would need to add 58 GW of net new capacity additions or about 6.4 GW annually. IEEFA claims that it is highly improbable for the CEA's projections to materialise provided the ongoing operational and financial stress in the Thermal Power Sector. It believes that India's coal capacity requirements must be revised urgently. Image Source Also read: Coal power plants to continue despite promises to curb pollution

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?