India, Once a Coal Goliath, Is Fast Turning Green

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MUMBAI, India — Just a few years ago, the world watched nervously as India went on a building spree of coal-fired power plants, more than doubling its capacity and claiming that more were needed. Coal output, officials said, would almost triple, to 1.5 billion tons, by 2020.

India’s plans were cited by American critics of the Paris climate accord as proof of the futility of advanced nations trying to limit their carbon output. But now, even as President Trump pulls the United States out of the pact, India has undergone an astonishing turnaround, driven in great part by a steep fall in the cost of solar power.

Experts now say that India not only has no need of any new coal-fired plants for at least a decade, given that existing plants are running below 60 percent of capacity, but that after that it could rely on renewable sources for all its additional power needs.

Rather than building coal-fired plants, it is now canceling many in the early planning stages. And last month, the government lowered its annual production target for coal to 600 million tons from 660 million.

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About Friends of Coal (North East)

Since its establishment in 1985, Mahalaxmi Group has consistently achieved its goals and demonstrated its ability to expand its market share, achieve excellence in the sector it operates in and realize shareholder value. In the last 10 years alone, the company has gone through a tenfold increase, expanded its reach countrywide and introduced new products and innovations. Today, we remain devoted to the same principles and aspirations that pushed our success over the decades. Values rooted into our corporate culture include zero compromise on quality, persistent value for money for our clients, a strong commitment to augment value for our investors and to achieve new heights and prosper together. We are actively working to contribute our share in environment aid by fostering plantation and greenery so that the places we are involved in experience the least negative climate impact.
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