The world’s largest coal mining firm is to “aggressively” pursue solar energy and continue to close smaller mines. Coal India Limited (CIL) plans to invest in a 3,000
The company also wants to compete in India’s solar auctions and win projects by offering the lowest prices for clean power.
“Coal as you know, we’re going to lose business in the next two, three decades. Solar will take over (from) coal slowly as a major energy provider in the coming years,” CIL’s chairman Pramod Agarwal said in an interview with Reuters. The company’s solar project with NLC India will be worth 125bn rupees ($1.73bn ; £1.26bn), with CIL expected to invest roughly half of that figure by 2024.
Source: BBC