Coal India Plans 5 GW Renewable Energy Expansion by 2028

Coal India has unveiled an ambitious plan to add 5 GW of renewable energy capacity by 2028. This move is part of the company's broader strategy to diversify its energy portfolio and include green energy solutions. In addition to its renewable energy goals, Coal India is exploring the potential of pumped storage projects in its open-cast mines.

The state-run enterprise is focusing its efforts on four key states: Rajasthan, Gujarat, Maharashtra, and Karnataka. It has signed joint venture agreements with state governments to develop solar power infrastructure. Coal India has already commissioned 150 MW of solar capacity and aims to complete an additional 450 MW by the end of FY25.

As part of its diversification strategy, Coal India is also pursuing the acquisition of critical minerals. It recently won a graphite mine in Madhya Pradesh through an auction and is targeting the exploration and production of lithium, nickel, cobalt, molybdenum, graphite, phosphates, and potash. This move aligns with the company's goal to secure vital resources for future energy needs.

Furthermore, Coal India’s consultancy firm, Central Mine Planning and Design Institute (CMPDI), is researching and surveying de-coaled mines for their suitability in pumped storage projects. With over 200 de-coaled mines available, these sites could play a crucial role in the company's renewable energy ambitions.

Coal India's comprehensive approach not only supports its transition to green energy but also contributes to the broader national objectives of increasing renewable energy capacity and securing critical minerals for sustainable development.

News by Rahul Yelligetti