The Indian government might cancel about 50 gigawatt (GW) of coal-based power projects in the near future, according to S&P Global Platts. An additional 46 GW coal-based capacity, currently under construction, is also at risk.
“Over the past couple of years, coal projects of over 37 GW have been deferred with another 13 GW delayed in India and most likely will be cancelled. About 46 GW of coal projects are currently under construction but their future is uncertain,” said Bruno Brunetti, power analyst, S&P Global Platts, that provides energy price benchmark assesments.
He also said solar power in auctions conducted in 2018 were as low as Rs 2.4 per kilowatt hour (kWh), equivalent to around $33.6 per megawatt hour (MWh). Read More