Coal sector may be Top loss making sector in next 10 years

#Coal sector may be one of the top Loss Making sector in India in the next 10 years.

☑️Why?

India produced 602 million tonnes of coal in 2019-20.

We know  India's 70-75% coal is consumed in power generation, specially in Coal based power sector.

India's current power generation capacity 365 GW (365000 MW) and 70-75% coming from 269 Coal fired plants .

We know India has embarked on an ambitious target of having 500GW (500000MW) of renewable energy by 2030 and also provide 17 lakh solar pumps to farmers under Pradhan Mantri-Kusum Yojana .

So, by 2030 India can expect 50% power from Renewable energy ,when estimated power demand 900-1000GW  ...so,India can expect Coal demand to fall 40- 50% by 2030.

✓Water consumption by Thermal power- 

40% India's thermal  power plants are in water scares area.

As of August 30, 2019, there were 269 thermal power plants in India, according to the Central Electricity Authority. Taken together, these plants consume 88% of the total amount of water consumed by the industrial sector, according to a study conducted by The Energy and Resources Institute (TERI).

Moreover according to a report of the NITI Aayog,about 40% of India's population will have no access to drinking water by 2030.

✓ Top power company to Focu on Renewable energy-

1) #NTPC to invest Rs 50000 crore to add 10GW (10000MG)energy capacity by 2022.

currently operates 55 power stations , capacity 57GW (24 Coal, 7 combined cycle gas/liquid fuel, 2 Hydro, 1 Wind, and 11 solar projects).

2) #Tata Power to focus on clean energy, won't build new coal-fired plants: Report
Economictimes.com 23-Apr-2019.

3) #JSW Energy On Path to becoming a renewable energy company by 2024.Report cleanfuture.co.in › jsw-en.04-Nov-2019.

4)Adani Green Energy ltd has set a target of renewable energy portfolio of 25 GW(25000MW) by 2025.

✓UN SDG7-UNSustainable development goal 7, By 2030, ensure universal access to affordable, reliable and modern energy .

So,India can expect Coal demand to fall 40%-50% by 2030.....may be 70-80% by 2040.

--------------------------------

References-1)42% of world's coal power stations run at loss, to rise 72% by 2040: Report | Business Standard News> 30-Nov-2018.

2) Coal developers risk $600 billion as renewables outcompete worldwide. carbontracker.org >12-Mar-2020.

 3)Renewables May Prove Cheaper Than 96% of Coal Plants Worldwide by 2030. solar.schneider-electric.com>30-Nov-2018.

4) Coal industry faces 221 billion dollars of losses by 2050 - Carbon Delta.  www.carbon-delta.com › 08-May-2019.