Why India's coal plant cancellations are moving at a rate faster than expected

摘要

The latest data from the Global Coal Plant Tracker (GCPT) shows that India's coal-fired pre-construction project pipeline has shrunk by a quarter, that is 24GW in the last six months alone. India's thermal power giant NTPC Ltd has reportedly shelved 10.5GW of its planned coal-fired power projects year-to-date. Project cancellations are coming faster than expected as financial viability remains dubious and India increases its low-cost renewable installations.