Godda Power

IEEFA Research

IEEFA report: Is India’s PFC financing a herd of white elephants?

IEEFA report: Is India’s PFC financing a herd of white elephants?

Government-owned electrification funders are leading backers of non-performing assets

7 May 2020 (IEEFA India) — Power Finance Corporation (PFC) and Rural Electric Corporation Ltd (REC), big state-owned institutions charged with financing a large part of India’s growing need for electricity generation, may instead be funding a herd of white elephants — obsolete and economically unviable coal-fired power plants that could soon become stranded assets. […]

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 […]

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IEEFA: Adani’s Godda power project ‘left behind’ by changing energy policy in India and Bangladesh

IEEFA: Adani’s Godda power project ‘left behind’ by changing energy policy in India and Bangladesh

Plans for the new coal-fired power station can be reconfigured to support India’s economic recovery

The Adani Group’s recent acquisition of a coal block in Jharkhand has further highlighted how misaligned the Godda coal power project is with Indian energy strategy. Furthermore, new developments in Bangladesh – where Godda power is intended to be exported – mean the project is also looking increasingly out-of-step with Bangladesh’s energy policy. In our […]

November 25, 2020 Read More →
IEEFA report: Is India’s PFC financing a herd of white elephants?
, and

IEEFA report: Is India’s PFC financing a herd of white elephants?

Government-owned electrification funders are leading backers of non-performing assets

7 May 2020 (IEEFA India) — Power Finance Corporation (PFC) and Rural Electric Corporation Ltd (REC), big state-owned institutions charged with financing a large part of India’s growing need for electricity generation, may instead be funding a herd of white elephants — obsolete and economically unviable coal-fired power plants that could soon become stranded assets. […]

IEEFA update: The Adani juggernaut is expanding on all fronts, Australian coal needs not be one of them

Adani Group could show global leadership and walk away from its long stalled Carmichael mine

The Adani Group is today one of the most powerful business conglomerates in India, spanning six listed entities across a growing multitude of activities. The group is unusual in that it is entirely, sensibly, almost entirely focused on one country, India. Internationally, this conglomerate operates only two businesses of any note – one thermal coal mine […]

October 29, 2019 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
, and

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 […]