+
 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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code