Coal India to spend US$8 bil on coal-fired plants near mines
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Coal India Ltd plans to invest about 670 billion rupees (US$8 billion) to build coal-fired power plants near its mines; approval for 4.7GW of generation secured for construction over the next six to seven years, primarily in Odisha; an additional 2GW under discussion; part of a broader plan to add 88GW of thermal generation capacity by 2032; electricity demand in India expected to surge, maintaining reliance on coal, which constitutes around 75% of the power mix; Coal India aims to also develop renewable energy and critical minerals; India targets net zero by 2070; environmentalists criticize the government for insufficient decarbonization efforts.

#CoalIndia #Investment #CoalfiredPlants #RenewableEnergy #India #ElectricityDemand #NetZero #Environment #ThermalGeneration #Odisha

https://theedgemalaysia.com/node/726203