Has a tweet made history before?
Piyush Goyal is India’s Minister of Energy.
To recap. India’s current electricity policy is based on high projections of demand, which is fair enough as 400 million Indians have no electricity at all. The policy on renewables and coal is is “both of the above”. The official coal target is a doubling of coal burning for electricity this decade, and more later. A programme for 16 giant “ultra mega” coal power stations was launched in 2005, though just two have been completed. Adani, Reliance, and Tata, the corporations who would build many of the others, have many shovel-ready projects on their shelves but have been curiously reluctant to break ground on them.
Anecdotal confirmation of major problems in the Indian coal sector comes from this recent report of a developer abandoning plans for a coal plant and replacing it with a solar farm on the same site. Coal stocks at power stations have doubled since last year. Continue Reading…