India’s coal power boosters are now confronting an increasing array of signals which suggest the diversification away from coal will only accelerate in 2017.
With about 72 million tonnes of coal stockpiled at mines and power stations,enough fuel for over 50 days operation – and power demand growth running lower than forecast.
India Government’s plan to dramatically expand coal power production is being buffeted by growing concern about worsening air quality, sluggish power demand.
Facing opposition to domestic coal plant plans, Adani is desperately trying to reinvent itself as a solar company before it is swept aside by more adaptable rivals.
Despite the Indian Government’s determination to double or even triple domestic coal production, a new report warning the crisis could get far, far worse.
Growing mountains of coal stockpiles in India has led to several mines temporarily halting production, with major implications for Australian projects.