• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 2 days Wind droughts
  • 5 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 hours Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 3 days Oil Prices Fall After Fed Raises Rates
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 11 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 11 days The Federal Reserve and Money...Aspects which are not widely known

Coal India Approves $6.4 Billion In New Coal Projects Despite Green Push

State miner Coal India has approved as many as 32 new coal mining projects worth a total investment of US$6.4 billion, as one of the world’s largest coal consumers looks to reduce reliance on imports as its coal demand continues to grow.

A total of 24 of the 32 projects will be for the expansion of existing operations, while eight will be greenfield projects, Indian media quoted the company as saying this week.

The combined incremental peak capacity of these projects is expected at 193 million tons per year, which is a record capacity addition for Coal India in its history.

While major developed economies look to reduce reliance on coal as part of emission reduction goals, India, which will be the key driver of global energy demand in the coming decades, continues to rely heavily on coal, and its demand is expected to continue to rise.

Despite its renewable and low-carbon push, India continues to bet big on coal, and the share of coal in total primary energy consumed has been broadly stable, around 56 percent in recent years, according to BP’s Energy Outlook 2020.

Related Video: Institutional Investors Hold $1.03 Trillion In Coal

India’s lockdown to contain the pandemic reduced its coal demand last year, but coal use is anticipated to increase by 3.8 percent this year, the International Energy Agency (IEA) said in its annual Coal 2020 report in December.

“In the medium term (to 2025), India has one of the highest potentials to increase coal consumption as electricity demand rises and more steel and cement are required for infrastructure projects,” the IEA said.

In the energy mix in India, coal accounts for 70 percent, while the country is expected to be the biggest driver of global energy demand over the next 20 years as its population continues to increase fast and affluence spreads, the IEA said in a report last month.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Jadav Jadhav on April 21 2021 said:
    So? India needs energy, west consumes way more resources and wastes even more on useless stuff. westerners can go live in a cave if they care so much. Spare us this moronic alarmist propaganda every year. By the way if it wasn't for India, solar energy wouldn't even be as viable as it is these days. Its not like you whiny people are doing anything for environment
  • Bill Simpson on March 12 2021 said:
    Wait until those African countries start wanting electricity and air conditioning everywhere. For the rest of this century, the fastest population growth will be in Africa and Asia.
    Global warming here we come.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News