"Indian Companies Set to Make Major Investments in Coal-Fired Power Generation"

Private Indian firms, including Adani Power, JSW Group, and Essar Power, are expressing interest in investing in at least 10 gigawatts of coal-fired power capacity over the next decade, ending a six-year drought in significant private involvement in the sector. This renewed interest, driven by financial viability and assurance of timely payments, could cost billions of dollars and threatens to undermine India's progress in reducing carbon emissions. The government aims to attract private investment to boost coal-fired capacity by 80 GW by 2032, but challenges remain in raising funds and addressing financial stress in existing projects.