Currents - Energy Industry Insights: Volume 5, Issue 10

World's Largest Coal Miner Coal India Bets on Solar, Eyes Further Mine Closures -

"Pramod Agarwal said its joint venture with state-run NLC India Ltd plans to invest around 125 billion rupees ($1.73 billion) in solar power projects with a capacity of 3,000 megawatts, of which Coal India will invest some 60 billion rupees by March 2024."

Why this is important: Coal India Ltd. is the world's largest coal mining company, but it believes solar is the future for power production. The company has closed 82 mines the past three years, resulting in 18,600 job losses. It plans to continue evaluating mines for closure. The company now plans to enter into a $1.73 billion (U.S.) joint venture to build a 3,000 MW solar farm. Coal India says it believes ultimately solar will replace coal-fired electrical generation plants.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Spilman Thomas & Battle, PLLC | Attorney Advertising

Written by:

Spilman Thomas & Battle, PLLC
Contact
more
less

Spilman Thomas & Battle, PLLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.