Some of the major Indian private firms, which include Adani Power, Essar Power, and JSW Group, have recently shown interest in building around 10 GW of coal-fired power capacity over the next 10 years. These companies are eager to either begin work on old plants or develop stalled projects that are facing financial stress. Although there hasn't been any report on the potential investments to be made in the operations of the project, the entire project would cost millions of dollars. This highlights a renewed interest in the Indian power firms in the coal sector. It can also lead to the expansion of the existing Adani coal mines.

India's Renewed Interest in The Coal Sector:

Over the last few years, a lot of developments have not been made in the coal sector. However, there has been a massive increase in power demand over the past few years. Although India has been working vigorously on increasing its renewable energy capacity, there is still a long way to go, and in order to ensure that there is a consistent supply of power to the different remote areas in India, it is important to rely on our coal resources for power generation.

With this aim in mind, some of the biggest players in the power sector have once again turned their attention to coal-fired power. This is going to ensure that there is a regular supply of power in the various regions of India. This is going to trigger industrial activities and will also lead to enhanced economic growth and prosperity in the country. As per the latest proposals, Adani Power is willing to add 4.8 GW and JSW 1 GW. Essar plans for an additional 1.6 GW of new domestic coal-based power generation in Gujarat by 2029.

The Government's Plans for The Power Sector:

The government has already cited energy security concerns and low per capita emissions to defend India's coal dependence. So, it has been trying to attract investors to boost the coal-fired capacity by around 80 GW by 2032. This will ensure that our power demands are met. Coal fired power plants currently account for around 215 GW of the total installed capacity of 430 GW, which includes the power generated from the Adani coal mines. Renewable energy accounts for 135 GW, and hydro is 47 GW.

The government is also trying to increase our renewable energy capacity with each passing day. Some of the biggest names in the renewable energy sector, like the Adani Group, have been constantly taking up new projects to increase renewable energy capacity. The business group has also been working on building the largest renewable energy park in India. This will gradually increase the renewable energy capacity and will also ensure that the power supply is consistent.

Adani's Hold Over the Power Sector:

The Adani Group is already one of the leading names in the mining sector. It has been working on extracting coal from resource-rich areas in the most responsible way so that there is a constant supply of power in both rural and urban areas of India. This will ensure that the people of India face no hurdles in leading their lives conveniently. The Adani Group's mining business was established in 2007 to restore energy security in India, and since then, the company has been working in this sector with full force.

The Adani Group has not restricted its mining ventures within India. The company has also been operating Adani coal mines in Australia and Indonesia. Over the past few years, the Adani Group has succeeded in transforming itself from a coal importing and trading company to a comprehensive, integrated coal management company. The business group has also diversified its trading portfolio. Currently, it is also involved in coal and coke trading along with mining.

Conclusion:

In this way, with the initiatives being taken up by the government and with the support of global business groups like the Adani Group, the power generation capacity of the country will increase. We will once again become a self-reliant country in terms of our power needs. This will not only give a kick-start to industrial activities in different corners of India but will ensure that there is an overall improvement in the living conditions of the people.