CIL to Invest $3 Bn in Clean Energy to Strengthen Renewables
POWER & RENEWABLE ENERGY

CIL to Invest $3 Bn in Clean Energy to Strengthen Renewables

Coal India announced plans to establish clean energy projects with a combined capacity of approximately 4.5 gigawatts, at an estimated investment of Rs 250 billion (around $3 billion), as part of its commitment to achieving net-zero carbon emissions from its operations.

The state-run mining company has been gradually shifting its focus away from coal, a major source of pollution but still essential for meeting India’s current energy requirements. This transition aligns with the country's broader goal of reaching net-zero emissions by 2070.

The company revealed that it intends to supply clean energy, generated through solar and wind power projects, to AM Green Ammonia (India)'s upcoming green ammonia facilities. However, it did not specify a timeline for the development of these projects.

AM Green, backed significantly by the founders of India’s Greenko Group, has set a target to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030.

Coal India’s move into clean energy comes at a time when it is also expanding its coal-based power capacity. This shift is occurring alongside rising electricity demand driven by climate change and rapid industrialisation.

To address the growing energy needs, India plans to increase its coal-fired power capacity by 80 gigawatts by 2031-32, up from the current 222 GW. Simultaneously, the country aims to scale up its clean energy capacity to at least 500 GW by 2030, compared to 172 GW at present.

Despite these ambitions, the renewable energy sector in India continues to face significant challenges, including limited interest in tenders, difficulties in acquiring land, delays in finalising power purchase agreements, and frequent project cancellations.

News source: Business Standard

Coal India announced plans to establish clean energy projects with a combined capacity of approximately 4.5 gigawatts, at an estimated investment of Rs 250 billion (around $3 billion), as part of its commitment to achieving net-zero carbon emissions from its operations. The state-run mining company has been gradually shifting its focus away from coal, a major source of pollution but still essential for meeting India’s current energy requirements. This transition aligns with the country's broader goal of reaching net-zero emissions by 2070. The company revealed that it intends to supply clean energy, generated through solar and wind power projects, to AM Green Ammonia (India)'s upcoming green ammonia facilities. However, it did not specify a timeline for the development of these projects. AM Green, backed significantly by the founders of India’s Greenko Group, has set a target to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030. Coal India’s move into clean energy comes at a time when it is also expanding its coal-based power capacity. This shift is occurring alongside rising electricity demand driven by climate change and rapid industrialisation. To address the growing energy needs, India plans to increase its coal-fired power capacity by 80 gigawatts by 2031-32, up from the current 222 GW. Simultaneously, the country aims to scale up its clean energy capacity to at least 500 GW by 2030, compared to 172 GW at present. Despite these ambitions, the renewable energy sector in India continues to face significant challenges, including limited interest in tenders, difficulties in acquiring land, delays in finalising power purchase agreements, and frequent project cancellations. News source: Business Standard

Next Story
Infrastructure Transport

Gurgaon-Pataudi-Rewari Highway Set for Completion by December 2025

The National Highways Authority of India (NHAI) has set a new target to complete the four-lane Gurgaon-Pataudi-Rewari highway by December 2025, following a two-year delay.Originally planned in 2018 to upgrade the two-lane state highway into a national highway, the project is estimated to cost Rs 9 billion. Construction, which began in 2021, was initially scheduled for completion in November 2023. According to NHAI, around 70 per cent of the work is already complete, with two major structures still pending: a railway overbridge at Pahari village and a two-lane unidirectional flyover on Dwarka E..

Next Story
Infrastructure Transport

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Next Story
Infrastructure Urban

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?