India has been observing a heavy decline in coal growth since 2015, according to an Energydeskanalysis.
For over 10 years, the annual growth average was over six percent. However, since the last two years, India’s coal use has just grown by an average of 2.2 percent, thus showing very low growth.
According to the report by Energydesk, the sluggish economic growth could possibly be the beginning of a longer reduction. India is predicted to be the next big coal frontier keeping in mind the schemes regarding new coal power plants by the Narendra Modi government.
The coal industry in India has been facing a lot of inconvenience recently like water shortages causing the power plants to run for only half the time, overcapacity issues and well as air pollution. Apart from this, renewables have also become very cost-competitive. Read More…
Credit By : ET Energy World
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