Adani

IEEFA Research

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

Godda Plan, Contrary to Its Poverty-Alleviation Advertising, Would Cost Customers Dearly

April 10, 2018 (IEEFA.org): Adani’s proposed Godda Power project would prove financially unviable and a poor strategic fit for Bangladesh, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA study—“Adani Godda Power Project: Too Expensive, Too Late, and Too Risky for Bangladesh”—finds also that the project is […]

IEEFA Australia: Adani Is Said to Seek Financing From a Chinese State-Owned Enterprise

'New Geopolitical Questions for an Already Highly Controversial Project'

Nov. 2, 2017 (IEEFA) — A Chinese government-owned enterprise is being courted as a new partner for Adani’s proposed Carmichael coal mine and rail project in northern Queensland, according to a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The deal being sought with state-owned China Machinery Engineering Corporation […]

November 2, 2017 Read More →

IEEFA Australia: Escalating Financial Risk in Adani’s Abbot Point Coal Terminal

Begging the Question as to Why the Government Would Lend Heavily to a Tax-Haven Scheme Controlled by a Foreign Billionaire

Oct. 2, 2017 (IEEFA) — New analysis by The Institute for Energy Economics and Financial Analysis (IEEFA) finds that Adani’s Abbot Point Coal Terminal is excessively leveraged, promises negative shareholders equity, and runs the risk of becoming a stranded asset if Adani’s proposed Carmichael mine does not get the A$1 billion Australian taxpayer subsidy it […]

October 2, 2017 Read More →

NAIF Inadequate Project Assessment and Failure of Public Interest Test

Submission to Senate Inquiry into the Governance and Operation of the Northern Australia Infrastructure Facility

Our research in the context of Adani calls into question the project assessment and approval process of the Northern Australia Infrastructure Facility (NAIF) as it relates to a A$900 million loan request as well as the adequacy of the NAIF’s tests for risk appetite and for whether a project is in the public interest. Full […]

August 23, 2017 Read More →

IEEFA Update: Adani’s ‘Go-Ahead’ on Australian Mega-Coal Mine Is a Stunt

‘This Proposal Is Still a Pipe Dream’; Announcement ‘Theatrics’ Mean Little

Commenting on reports that Adani Enterprises Ltd has given the final go-ahead on the Carmichael mine proposal in Australia, Tim Buckley, IEEFA’s director of energy finance studies, Australasia said today: “An internal investment decision for the Carmichael mine is very different to an externally legally binding financial close. This proposal is still a pipe dream.” […]

IEEFA Update: An Increasingly Cursed Australian Coal Project

IEEFA Update: An Increasingly Cursed Australian Coal Project

Bad Financials, Weak Markets, Policy Headwinds, Social-License Issues, Transparency Questions, Climate Risk: The Many Afflictions Hobbling the Proposed Carmichael Mine

IEEFA has released an update today on Adani’s long-festering coal mine project in northern Queensland that plumbs the depths of the Indian conglomerate’s financials and finds them vastly insufficient for the supposed job at hand. Our report— “Adani: Remote Prospect: Carmichael Status Update 2017”—follows on previous work we’ve done around what would be the biggest new coal […]

Fact-Checking the Claim That Australian Coal Is Clean

Studiously Avoiding the Trend Toward a New Energy Economy

We’re seeing an increasing number of boastful assertions by Australian politicians that Australian coal is environmentally friendlier than other coal. It’s not true—and we’ve published a fact sheet here that gets into the weeds of it—but one illuminating comparison can be found when you stack Australian benchmark thermal coal up next to coal from Indonesia, […]

November 25, 2015 Read More →
US$100 Billion in New Renewable Investments in 2015 Power India’s Energy Transition

US$100 Billion in New Renewable Investments in 2015 Power India’s Energy Transition

Nov. 12, 2015 (IEEFA) — Investments worth more than US$100 billion over the past eight months are driving an unprecedented shift to renewable energy in India, according to a major new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report—India’s Electricity Sector Transformation—charts the accelerating influx of global capital into India […]

November 12, 2015 Read More →
India’s Fast-Moving Energy Transition: $100 Billion in Renewables Investments So Far This Year

India’s Fast-Moving Energy Transition: $100 Billion in Renewables Investments So Far This Year

A Crush of Deals With State-Owned Enterprises, Leading Power Companies, Billionaires, Major Firms and Utilities

Investments worth more than $100 billion over the past eight months are driving an unprecedented shift to renewable energy in India. The trend is detailed in a report we just posted—India’s Electricity Sector Transformation—that charts the accelerating influx of global capital into India as the country moves toward its goal of installing 175 gigawatts of […]

November 11, 2015 Read More →
New IEEFA Report – Adani: Remote Prospects

New IEEFA Report – Adani: Remote Prospects

Obstacles to Adani’s Project in Australia Have Only Grown: The Strategic ‘Moment’ for Coal Mining in the Galilee Basin Has Passed; Public Investment Is Ill-Advised; Markets Will Not Support an Unbankable Development

Almost two years ago we published a review in which we raised doubts about the Adani Group’s proposed Carmichael coal mine in the Galilee Basin of Australia and the associated rail and port infrastructure development. The mine would ship coal through the port at Abbot Point in the Great Barrier Reef. Today we’ve published an […]

September 15, 2015 Read More →

More News and Commentary

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IEEFA update: India coal plant cancellations are coming faster than expected

Global Coal Plant Tracker shows project pipeline shrinking by 25%

The latest data from the Global Coal Plant Tracker (GCPT) shows that India’s coal-fired pre-construction project pipeline has shrunk by a quarter, that is 24 GW in the last six months alone. India’s thermal power giant NTPC Ltd has reportedly shelved 10.5 GW of its planned coal-fired power projects year-to-date. Project cancellations are coming faster […]

and August 23, 2018 Read More →
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IEEFA update: Risk to India’s banking sector in rising tide of stranded assets

An array of market and policy forces continues to undermine coal-fired electricity generation

SYDNEY — The thermal sector of India’s power-generation industry that accounts for US$40-60 billion in potentially stranded assets continues to pose trouble for Indian banks. The sector’s underperformance is exemplified by unsustainably low capacity utilisation rates of less than 60% over the past two years combined with excessive financial leverage that makes debt servicing extremely […]

and August 21, 2018 Read More →

Adani says it still needs a loan for rail line if coalmine is to go ahead

The Guardian: It remains unclear, given the company’s clarifying statement on Wednesday, where the money to build the mine will come from, or the extent of any external commitment to Carmichael. Tim Buckley, from the Institute for Energy Economics and Financial Analysis, said Gautam Adani had the financial wealth to self-fund Carmichael and that “we […]

July 17, 2018 Read More →

Sacred sites threaten Adani’s Abbot Point coal terminal in Australia

The Guardian: Indigenous traditional owners from north Queensland have threatened to try to pursue an order that could shut down Adani’s Abbot Point coal terminal, amid concern that sacred sites in the area have not been properly protected. Guardian Australia can reveal Adani has ignored repeated demands by Juru traditional owners to inspect “unauthorised” cultural […]

June 28, 2018 Read More →

Column: Coal optimism in Australia hides unease about long-term problems

Reuters: BRISBANE—Coal miners supplying Asia’s rapidly growing economies have plenty to be optimistic about as prices and demand appear robust, but they should be wary of getting caught up in the positive feedback loop that nearly destroyed them before. This week’s inaugural Energy Mines and Money conference in Brisbane, the heartland of the industry in […]

June 22, 2018 Read More →

Adani’s Carmichael Coal Project Takes Another Hit

The Guardian: The global engineering company AECOM, the firm that had been designing Adani’s $2.2 billion rail line to its Carmichael coal mine, says that it has “demobilised” and is no longer working the project with the Indian conglomerate–but Adani says it is still “100% committed to the Carmichael project.” Engineering design contracts often have […]

May 17, 2018 Read More →

Economic Reality May Finally Kill Proposed Carmichael Coal Project

The Guardian: Adani’s coal-fired power business has reported more heavy losses, prompting the Indian conglomerate to announce it would shift away from using expensive imported coal. Analysts say the fourth-quarter financial results for Adani Power, a subsidiary of the Adani group, showed the proposed Carmichael mega-mine in Queensland was no longer a viable proposition. Remarkably […]

May 7, 2018 Read More →

Godda Plant a Bad Deal For Bangladesh

The Guardian: Godda, in the Indian state of Jharkhand, is surrounded by the country’s most productive coal mines. It will soon also be home to the Adani group’s latest coal-fired power station, a plant built for the sole purpose of sending energy across the border to Bangladesh. Adani has framed its planned 1,600-megawatt Godda power […]

April 26, 2018 Read More →
IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

Godda Plan, Contrary to Its Poverty-Alleviation Advertising, Would Cost Customers Dearly

April 10, 2018 (IEEFA.org): Adani’s proposed Godda Power project would prove financially unviable and a poor strategic fit for Bangladesh, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA study—“Adani Godda Power Project: Too Expensive, Too Late, and Too Risky for Bangladesh”—finds also that the project is […]

Adani’s Owner Has Amassed Enough Wealth to Pursue Australia Coal Project Without Banks or Taxpayer Support

Sydney Morning Herald: A leading energy analyst says a reluctance by banks to finance the controversial Adani coal mine is no longer an insurmountable hurdle because the billionaire family behind the proposal has enough wealth to fund the project itself. Should Indian mining magnate Gautam Adani decide to personally finance the controversial plan, it would […]

March 13, 2018 Read More →