The likes of the Adani and JSW groups, who have been building their green credentials, have renewed their appetite for coal-fired plants as the country is nowhere near retreating from the dirtiest fuel.
Coal is back on the menu as India’s hunger for electricity keeps growing.
Consider this. The country added 5.7 gigawatts of coal capacity in the 2023-24 fiscal, up 4.5x from the previous year, government data shows. Also, the share of coal in India’s energy mix grew to 75% from 73%, while that of non-fossil fuel sources fell to 24% from 26% earlier. And over the next 18 months, the country expects to add 19.4 GW of coal power capacity. What’s more, data from non-profit Global Energy Monitor shows India last year introduced coal proposals worth 11.4 GW—the highest in a …
Azman writes on climate change, ESG, and how a warming world impacts businesses and people alike. Prior to The Morning Context, he led climate coverage at BloombergQuint, where he started his career as a desk writer.
Writer
azman@mailtmc.com
Mumbai