Business Standard reported that India’s ambitious strides in decarbonization and the transition to renewable power have seen her emerging as a country with the most number of coal-based generation projects cancelled between 2010 and 2017. The findings of a study by the US-based Institute for Energy Economics & Financial Analysis show India cancelled 464,727 coal-based generation projects planned since 2010. The portfolio of coal-fired projects includes those in varying stages, from conception to grant of permissions. Next to India is the Asian hegemon China which abandoned coal-based projects totaling a capacity of 296,780 Mw. Vietnam ranks next to China with 30,750 Mw of coal-powered projects in the pipeline meeting the same fate followed by Turkey (29204 Mw), US (26873 Mw), Germany (18393 Mw), Russia (18048 Mw) and Poland (16783 Mw).
Mr Tim Buckley, director of energy finance (Australasia) at IEEFA said in a report that “Since the start of 2010, through postponements and cancellations, India’s coal plant pipeline has shrunk by 547 GW (or 547,000 Mw). To put that number in perspective, it’s helpful to remember that it amounts to almost three times Germany’s total installed capacity.” Read More
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