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Money Sharma - 1 Anil Kumar Jha - 1 Jha - 1 Neshwin Rodrigues - 1 Prakash Singh - 1 Sooraj Narayan - 1 Wood - 1 Sooraj Narayan Wood Mackenzie - 1
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☆ Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
  + stars: | 2023-11-03 | by ( Charmaine Jacob | ) www.cnbc.com   time to read: +6 min
The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.
Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala
☆ Column: India cheers the return of 'King Coal' as industry sees buoyant future
  + stars: | 2023-03-01 | by ( Clyde Russell | Thomson Reuters | Clyde Russell Is Asia Commodities | ) www.reuters.com   time to read: +6 min
India's coal arrivals are already heading higher, with data from commodity analysts Kpler pointing to a rise in thermal coal imports to 10.19 million tonnes in February, up from 9.71 million tonnes in January and the most since November. It's likely that thermal coal imports may decline over the coming years, but predictions that this trade will end by 2030 are ambitious. Where India will see increasing coal imports is in higher-grade metallurgical coal, used primarily to make steel. Given that each GW of generation requires around 3 million tonnes of coal annually, this implies the coming capacity additions will only need another 100 million tonnes, well below the 500 million tonnes extra the industry believes it will deliver by 2030. Overall, it appears the positive mood of India's coal sector is justified, especially in the short term.
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