Construction of new fell sharply last year due to a clampdown on projects in China and less finance available in India, a report by three environmental groups said on Wednesday.
By January this year, there was 570 gigawatts (GW) of coal power capacity in the pre-construction planning stage, down from 1,090 GW in January 2016, said the report by Greenpeace, U.S. group the Sierra Club and coal research group CoalSwarm.
Projects under construction amounted to around 273 GW, 19 percent lower than in Jan. 2016, and those put on hold surged by 164 percent to 607 GW from 230 GW.
“Globally, more construction is now frozen than entering construction in the past year … The main cause of the shrinkage in the coal plant pipeline was the imposition of unprecedented and far-reaching restrictive measures by China’s central government,” the report said.Read More…
Credit By : Energy.economictimes.indiatimes.com
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