India's Power Play: Future of Coal and Lignite Energy

India plans over 24,000 MW of coal and lignite-based power capacity amid a total of 39,545 MW in thermal projects. By 2034-35, the country targets a thermal capacity of approximately 3,07,000 MW. Tariffs for new coal projects range from Rs 5.38-6.30/kWh, with renewable energy sourcing FDs at Rs 4.98-4.99/kWh.

India is set to expand its coal and lignite-based power generation capacity, with over 24,000 megawatts currently in the planning stages, according to a report presented to the Parliament on Monday.

Union Minister Shripad Naik indicated that thermal capacity projects totaling 39,545 MW are under construction, including 4,845 MW of stressed thermal power initiatives. Contracts for 22,920 MW have been awarded while another 24,020 MW of coal and lignite-based capacity waits in the wings.

By 2034-35, India aims to reach a thermal capacity of about 3,07,000 MW, up from the existing 2,11,855 MW. The power tariff for new coal projects through competitive bidding is anticipated between Rs 5.38-6.30/kWh, as compared to the current average Rs 4.36-4.58/kWh.

(With inputs from agencies.)