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The government-controlled Coal Corporation of India has announced that it will add 20 GW of solar power in the next decade to promote the diversification of
its power mix.
The Indian government has set a target of
100 GW of solar power generation by 2022.
"For coal companies in India to be sustainable, we have to diversify
.
We have defined a roadmap and are making a big push for solar power with a target of producing 20 MW over the next 10 years," said
Gopal Singh, Chairman and General Manager, Coal India.
However, Gopal Singh did not elaborate on the company's investment plans
.
According to industry estimates, it will cost about 50 million rupees to install a 1 MW solar project, which is bound to be a huge investment
.
But Gopal Singh explains, "Looking ahead, renewable energy is an effective solution
to climate change.
This will affect generations to come, and we must prepare in
advance.
”
At present, the cost of coal-fired power generation is the cheapest, compared to the cost of renewable energy generation
.
But Gopal Singh said the plan would require 40,000 hectares of land and was already available
at the company.
"We don't have a single size of land, we will use the land
of our various subsidiaries.
"
The Coal Corporation of India (CIL), part of the Ministry of Coal India, is the world's largest coal producer
.
Operating in 82 mining sites, CIL is a top-notch organization with 7 wholly-owned coal production subsidiaries and 1 mine planning and consulting firm in 8 provinces of India
.
The government-controlled Coal Corporation of India has announced that it will add 20 GW of solar power in the next decade to promote the diversification of
its power mix.
The Indian government has set a target of
100 GW of solar power generation by 2022.
"For coal companies in India to be sustainable, we have to diversify
.
We have defined a roadmap and are making a big push for solar power with a target of producing 20 MW over the next 10 years," said
Gopal Singh, Chairman and General Manager, Coal India.
However, Gopal Singh did not elaborate on the company's investment plans
.
According to industry estimates, it will cost about 50 million rupees to install a 1 MW solar project, which is bound to be a huge investment
.
But Gopal Singh explains, "Looking ahead, renewable energy is an effective solution
to climate change.
This will affect generations to come, and we must prepare in
advance.
”
At present, the cost of coal-fired power generation is the cheapest, compared to the cost of renewable energy generation
.
But Gopal Singh said the plan would require 40,000 hectares of land and was already available
at the company.
"We don't have a single size of land, we will use the land
of our various subsidiaries.
"
The Coal Corporation of India (CIL), part of the Ministry of Coal India, is the world's largest coal producer
.
Operating in 82 mining sites, CIL is a top-notch organization with 7 wholly-owned coal production subsidiaries and 1 mine planning and consulting firm in 8 provinces of India
.
