By the end of calendar year 2015, despite poor hydro electricity generation, India had become a power surplus nation with huge electric power generation capacity idling for want of power demand. Due to tepid growth in electricity consumption, coal stocks are continuously building up at power stations as well as coal mines.
Yet in 2018, Telengana was not getting 2000 MW of power that had been contracted to be given to it. And in Karnataka, 'As a power crisis looms large in Karnataka in the wake of acute coal shortage, chief minister H D Kumaraswamy Tuesday said the Centre was not allocating the state’s share of coal despite repeated requests.'
Many coal plants are unable to get the coal they need from Government owned Coal India. Financially stressed government owned power boards are unable to do long term power purchase agreements with the coal plants, making them financially unviable. As much as USD 65 billion is tied up in stressed assets in coal plants which could cripple indian banks.
In light of these developments, a number of coal plant developers have decided to abandon projects. The Global Coal Plant Tracker suggests that 573 GW of coal plants in India have been canceled between 2010 and June 2018.
As of March 2018, 65 % of the installed capacity for power generation in india was fired from fossil fuels, and the rest from renewables and nuclear power.
At the same time the solar generation scenario looks far from rosy duty to a mess in the policies. Recently, a series of pre-bid meetings and repeated extensions of the bid submission deadline have not yielded the desired response from solar developers to the Solar Energy Corporation of India’s manufacturing-linked tender for 10 GW of PV power. which would be 10 % of the the national target of 100 GW of solar by 2022
As an aside, U.S. coal-producers have been hard hit by the decline in coal used to generate electric power, which has fallen from 48 percent of the U.S. generation mix in 2008 to 28 percent today. U.S. coal production has dropped 35 percent in that same time period.
Yet in 2018, Telengana was not getting 2000 MW of power that had been contracted to be given to it. And in Karnataka, 'As a power crisis looms large in Karnataka in the wake of acute coal shortage, chief minister H D Kumaraswamy Tuesday said the Centre was not allocating the state’s share of coal despite repeated requests.'
Many coal plants are unable to get the coal they need from Government owned Coal India. Financially stressed government owned power boards are unable to do long term power purchase agreements with the coal plants, making them financially unviable. As much as USD 65 billion is tied up in stressed assets in coal plants which could cripple indian banks.
In light of these developments, a number of coal plant developers have decided to abandon projects. The Global Coal Plant Tracker suggests that 573 GW of coal plants in India have been canceled between 2010 and June 2018.
As of March 2018, 65 % of the installed capacity for power generation in india was fired from fossil fuels, and the rest from renewables and nuclear power.
At the same time the solar generation scenario looks far from rosy duty to a mess in the policies. Recently, a series of pre-bid meetings and repeated extensions of the bid submission deadline have not yielded the desired response from solar developers to the Solar Energy Corporation of India’s manufacturing-linked tender for 10 GW of PV power. which would be 10 % of the the national target of 100 GW of solar by 2022
As an aside, U.S. coal-producers have been hard hit by the decline in coal used to generate electric power, which has fallen from 48 percent of the U.S. generation mix in 2008 to 28 percent today. U.S. coal production has dropped 35 percent in that same time period.
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