Standard Post with Image

Companies Banking on Clean Coal Technology is a Good Sign for Indian Energy Sector

News

Adani Enterprises, the flagship firm of Adani Group, has inked a pact with the Chhattisgarh government to invest over Rs 25,000 crore for setting up urea and power project as well as rice bran oil extraction plant in the state. 
Source: ET

SNP Insight

Balancing the environment protection measures with increasing energy requirement is the biggest challenge for India future years. So government is boosting renewable source in the country. But the comparatively costlier power from renewable sources and bad financial condition of distribution companies are not going to help governments plan to achieve 24x7 power for all. India need coal to produce cheap power to supply electricity to the last man. But the large use of coal has risk towards environment. So, clean coal technology like coal gasification process hold good for the future to generate power with much less impact on the environment. So, government should take measures to generate interest of developers and investors in this sector.

Source: SNP Infra Research