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New coal-fired power plants in India likely to end up stranded: IEEFA

04 Jun 2021

Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under construction and another 29 GW in the pre-construction stage will end up stranded due to competition from renewables, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
 
“Coal-fired power simply cannot compete with the ongoing cost reductions of renewables. Solar tariffs in India are now below even the fuel costs of running most existing coal-fired power plants,” said Kashish Shah, research analyst at IEEFA and author of the report.
 
He said that in the past 12 months no new coal-fired power plants have been announced, and there has been no movement in the 29 GW of pre-construction capacity.
 
Source : https://energy.economictimes.indiatimes.com/news/coal