Coal Power Loses Its Luster in India as Costs Rise

Coal Power Loses Its Luster in India as Costs Rise 

God I hope so.

"Although India has seemingly abundant coal reserves, the low-quality, high-ash fuel causes problems when it's used in state-of-the-art power plants. Instead, companies like Tata are looking overseas for coal, and import prices have been rising steadily. Tata's chief executive officer says Tata Mundra won't be financially viable unless it gets a hefty rate increase to offset the soaring prices of imported Indonesian coal.

Coal suitable for fueling these new plants is turning out to be scarce and expensive, leaving many in India to ask if it has any selling point left at all. It also is losing its luster as certain renewables, such as wind and solar, become more cost-competitive."