India x Cleantech — April 2020
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
Rarely do we see companies following up on their renewable energy commitments with concrete actions, more so when companies are giants in the fossil fuel sector. However, a coal mining company in India has turned out to be an outlier in this regard and is taking measures to set up large-scale solar power projects.
Government-owned companies in India are steaming ahead with large-scale solar and wind energy tenders in order to help meet the now-ambitious looking installation targets of 175 gigawatts by March 2022.
The world’s largest coal mining company, Coal India Limited (CIL), and India’s largest lignite mining company, NLC India Limited (NIL), have announced a joint venture to set up 3 gigawatts of solar power capacity. Apart from the solar power capacity, the two companies will also cooperate on setting up 2 gigawatts of coal-based power capacity.
A major coal mining company in India has issued a tender to develop solar power projects worth 150 megawatts of capacity. The tender will be awarded for engineering, procurement, and commissioning work, in addition to 10 years of operations and maintenance contract.
A subsidiary of the world’s largest coal mining company is planning to set up large-scale solar projects to source electricity for its operations — oh the irony!