India's coal demand likely to peak between 2030-2035
COAL & MINING

India's coal demand likely to peak between 2030-2035

The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralhad Joshi informed Parliament during the recent sessions.

Coal is the major source of energy in India. In 2022-23 (April-October), the coal consumption in coal-based power plants increased to 447.6 million tonnes (MT) as compared to 398.2 million tonnes during the same period of last year with a growth of 12 per cent, the minister said in a written reply.

"Being an affordable source of energy with substantial reserve, coal is going to stay as major source of energy in the foreseeable future. The country will require base load capacity of coal-based generation for stability and also for energy security," Joshi said.

The Ministry of New and Renewable Energy plans to achieve about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.

So far, a total of 172.72 GW of capacity from non-fossil fuel sources has been installed in the country as of October, which includes119.09 GW RE (includes Solar 61.63 GW, Wind 41.84 GW, SHP 4.92 GW and Bio-Power 10.70 GW), 46.85 GW Large Hydro and 6.78 GW Nuclear Power capacity.

The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralhad Joshi informed Parliament during the recent sessions. Coal is the major source of energy in India. In 2022-23 (April-October), the coal consumption in coal-based power plants increased to 447.6 million tonnes (MT) as compared to 398.2 million tonnes during the same period of last year with a growth of 12 per cent, the minister said in a written reply. Being an affordable source of energy with substantial reserve, coal is going to stay as major source of energy in the foreseeable future. The country will require base load capacity of coal-based generation for stability and also for energy security, Joshi said. The Ministry of New and Renewable Energy plans to achieve about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. So far, a total of 172.72 GW of capacity from non-fossil fuel sources has been installed in the country as of October, which includes119.09 GW RE (includes Solar 61.63 GW, Wind 41.84 GW, SHP 4.92 GW and Bio-Power 10.70 GW), 46.85 GW Large Hydro and 6.78 GW Nuclear Power capacity.

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?