India Announced Plan to Step Away from Coal, Doubts Loom on Adani Mine

This new national electricity plan says India will not need any additional coal-fired energy capacity in the next decade

India has released a new power plan that promotes an increase in renewable energy and raises doubts about the Indian-owned Adani Group’s coal mine located in Queensland. This new national electricity plan says India will not need any additional coal-fired energy capacity in the next decade as reported by ABC News.  Piyush Goyal, India’s energy minister pointed to a renewables pivot when he spoke to Four Corners last year. Tim Buckley of the Institute for Energy Economics and Financial Analytics stated that the development was bad news for the Australian coal industry. He said that India have 50 GW of coal-fired power plants under construction already, thus it’s far better to complete them than write them off as stranded assets. He also said that the plan had left the Adani proposal as stranded. Despite these looming doubts, the Australian Government is planning to provide a $1 billion subsidised loan to Adani in building a railway to the planned mine Mr. Buckley said the International Energy Agency (IEA) had predicted that hundreds of gigawatts of new coal-fired power plants would be raised in India in the next few decades. Click here to read the full story on ABC News Featured Image Credit: Kiran Jonnalagadda

Advertising Partner Offer: Free 16-Page Guide To Solar:

Beginner's Guide to Solar Interested in advertising on Solar Trust Centre? Enquire here.
Cheap Solar

Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

Leave a Reply

Your email address will not be published. Required fields are marked *

According to the Australian Energy Commission, Electric Bill Will Go Up to $78

Broadcast Australia Won IABM Sustainability Award