Indian Firms Interested in Building Coal-Fired Power Plants
Major Indian firms are interested in building at least ten gigawatts of coal-fired power generation over the next decade, expanding existing plants and reviving stalled projects. This goes against India's goal of reducing emissions and transitioning to renewables.
Key Points
- Major Indian firms plan to build 10 gigawatts of coal power in the next decade
- India aims to add 80 gigawatts of coal power by 2032
- Government and private sector believe coal power is necessary for economic growth
Pros
- Meeting India's growing industrial power needs
- Creating affordable and reliable power capacity
Cons
- Undermining progress in reducing emissions
- Risk of increasing carbon emissions
- Environmental concerns and reliance on fossil fuels