Published: January 5, 2016 |

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Amid all of the talk that wind and solar will fuel the world, India still has 300 million people still don’t have any electricity to begin with.

While India aims to increase its solar and wind power generation, to support an economy still growing at close to 8 per cent a year, Coal India is on track to double its output over the next decade.

The International Energy Agency (IEA) has forecast coal consumption to rise in South East, China and India.

It outlines that in South East Asia alone, thermal coal fired energy will grow from 32 percent to 50 percent by 2050.

Both China and India have announced significant investment in renewable energy systems, but both will look to coal to provide the bulk of their energy production in the decades to come.

Another global energy group, the World Energy Agency (WEA), believes India alone will account for the a quarter of all growth in energy demand in coming years.

Energy Minister Goyal has a three pronged strategy: to double domestic coal production, to spend US$200 billion over the next few years deploying 170 gigawatts of renewable energy, and a drive to spend US$50 billion upgrading the power grid and dramatically increasing its efficiency.

The reality is India requires coal and alot of it to bring power to the people that the western world takes for granted.

The amount of coal required by India is staggering when compared with current seaborne thermal coal volumes.

Source: (January 4, 2015) Proactive Investors

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