Indian electricity demand has dropped 21% in absolute terms since the start of March 2020. As the high marginal cost source of power, coal-fired power generation is down 28%. @RajKSinghIndia, a key lesson for us is that #coal has worn 99% of curtailment in 🇮🇳.
And India ended FY2020 with record high coal stockpiles.
Analysis by @CWorringham. With domestic coal production increasing, and coal generation declining, the inevitable is lower imports of thermal coal over 2020.
IEEFA estimates the Indian electricity sector capacity/production over 2019/20 saw 2/3 of new capacity adds #RenewableEnergy. Coal generation ⏬35TWh yoy, a share loss of 3% to a still dominant 71.3% in FY20 (74.1% in FY19). 🇮🇳 RE including hydro rose to 21.6% share (19.2% pcp).
Adani Green added 587MW #RenewableEnergy in 🇮🇳 in FY2020, reaching 2.55GW of operational capacity, with another 3.5GW under construction. Adani’s new developments have 37% lower capital cost & 40% lower tariff @ Rs2.80/kWh (vs the existing portfolio). VRE is the low cost source.
You can follow @TimBuckleyIEEFA.
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