July 11, 2018 Read More →

India tops list of scrapped coal projects in pipeline since 2010: Study

Business Standard:

The findings of a study by the US-based Institute for Energy Economics & Financial Analysis (IEEFA) show India cancelled 464,727 coal-based generation projects planned since 2010. The portfolio of coal-fired projects includes those in varying stages, from conception to grant of permissions. Next to India is the Asian hegemon China which abandoned coal-based projects totaling a capacity of 296,780 Mw. Vietnam ranks next to China with 30,750 Mw of coal-powered projects in the pipeline meeting the same fate followed by Turkey (29204 Mw), US (26873 Mw), Germany (18393 Mw), Russia (18048 Mw) and Poland (16783 Mw).

“Since the start of 2010, through postponements and cancellations, India’s coal plant pipeline has shrunk by 547 GW (or 547,000 Mw). To put that number in perspective, it’s helpful to remember that it amounts to almost three times Germany’s total installed capacity”, Tim Buckley, director of energy finance (Australasia) at IEEFA said in a report.

NTPC Ltd, the country’s largest owner and developer of coal-based plants recently shelved its 4000 Mw Pudimadaka ultra mega power plant (UMPP) project in Andhra Pradesh. IEEFA observed that the decision to cancel the country’s largest planned new coal-fired station is just the latest step in India’s remarkable and ongoing energy transition.

As of now, more than 80,000 Mw of coal-fired capacities are shown as still progressing through approval processes. IEEFA, however, estimates that only 10,000-20,000 Mw of the planned capacity may actually see the light of the day, signifying an effective cancellation of 84 per cent of the country’s 2010 coal pipeline.

India tops list of scrapped coal projects in pipeline since 2010: Study

Posted in: IEEFA In the News

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