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India's more than $70 billion investment in coal power plants at risk

Posted On: Sep. 26, 2019 6:17 AM CST

Coal-fired power plant in India

S C Garg, power secretary of India, said that shortage of coal has put the country's 5 trillion Indian rupees ($70.5 billion) investment in coal power plants at risk, Business Standard reported citing the Press Trust of India. Since India is not able to exploit even 1% of its explored coal resources annually, there is an urgent need to bring in large global players for commercial mining to boost coal output, Mr. Garg said.

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