A not so dead stranded asset: India chooses more coal, cancels 57 nuclear plants.

Australia is so irrelevant. India is cancelling fifty times as many nuclear power plants as Australians ever dreamed of building.

Let’s build another million wind farms.

If we abandoned the country and talked out Kiwi and Canadian friends into moving to Mars with us, we could not make up the carbon credits this decision just vaporized.

Energy Post – thanks to GWPF.

The Financial Express, one of India’s major newspapers, reports that the Narendra Modi government, which had set an ambitious 63,000 MW nuclear power capacity addition target by the year 2031-32, has cut it to 22,480 MW, or by roughly two-thirds.

The drastic reduction in planned construction of new reactors will diminish India’s plans to rely on nuclear energy from 25% of electrical generation to about 8-10%. The balance of new power requirements will likely be met by use of India’s enormous coal deposits.

Please tell us again how coal is a stranded asset?

The country accounts for eight percent of world’s total coal consumption. About two-thirds of India’s electricity generation comes from coal.

 India holds the fifth biggest coal reserves in the world. The country’s proved coal reserves are estimated at 61 billion tonnes. […]

Rating: 10.0/10 (1 vote cast)

via JoNova

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April 17, 2018 at 05:39AM

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