• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 32 mins Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days Evergrande is going Belly Up.
  • 11 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 1 day Poland Expands LNG Powered Trucking and Fueling Stations
  • 2 days World’s Biggest Battery In California Overheats, Shuts Down
  • 18 hours The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 5 hours Ten Years of Plunging Solar Prices
  • 9 hours Extraction of gasoline from crude oil.
  • 3 days The coming Cyber Attack
  • 3 days Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 3 days Ozone layer destruction driving global warming
  • 3 days 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers

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