Coal To Remain India’s Mainstay Power Generation Fuel Until 2040

  • Date: 14/09/17
  • Platts

Coal will remain the mainstay fuel for power generation in India in the next two decades despite stiff competition from rapid capacity additions of renewable energy, an official at state-owned Coal India said Tuesday.

Thermal coal, which accounts for about 55% of India’s electricity generation, will still account for 48%-54% going up to 2040, even as the country embarks on an ambitious plan to add huge renewable energy capacity, Director of Marketing at Coal India, S N Prasad, said at the Indian Coal Markets Conference in Kolkota.

Coal India was on track to achieve its production target of 1 billion mt by 2019, Prasad said, adding that higher domestic output has saw imports of seaborne cargoes fall 19% year on year in its India’s 2016-2017 fiscal year.

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